Updated Dec 18, 2023
Caroline Morson Acquires Multifamily Property In Boston, MA For $1.03M
348-350 Dorchester St, Boston, MA 02127
$1,030,000
$440/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
The multifamily property located at 348-350 Dorchester St in Boston, MA, was recently sold for a total price of $1,030,000. The transaction was facilitated by Caroline Morson from Compass, who represented the buyer, and MT Fox from MT Fox Real Estate, Inc., who represented the seller. The property spans 2,340 square feet and was sold at a price per square foot of $440.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 348-350 Dorchester St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Caroline Morson - Compass
- Seller's Rep: MT Fox - MT Fox Real Estate, Inc.
- Property Size: 2,340 square feet
- Price per Square Foot: $440
Caroline Morson from Compass represented the buyer, while MT Fox from MT Fox Real Estate, Inc. represented the seller in this transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93