Dillon Brennan Purchases Multifamily Asset At 36-38 Regent Street Roxbury For $1.87M
36-38 Regent Street
$1,870,000
$235/SF
Building Size
7,950 SF
Asset Type
MultiFamily
Closing
Oct 25, 2024
AI
The property asset involved in this transaction is a multifamily building located at 36-38 Regent Street in Roxbury, MA. It consists of 6 units and offers a total square footage of 7,950. The sale price for this asset was $1,870,000, equating to a price per unit of approximately $311,666, and a price per square foot of $235.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,870,000
- Units: 6
- Square Footage: 7,950
- Price Per Unit: $311,666
- Price Per Square Foot: $235
- Buyer: Dillon Brennan
- Seller: Victor Berry
- Brokers: Jeff Ravelo & Robert Nichols - MIG Realty
- Date of Transaction: 10/25/2024
The deal was facilitated by representatives from MIG Realty, with Jeff Ravelo and Robert Nichols working on behalf of the seller and buyer respectively. Their roles were crucial in the execution of this transaction, which involved a multifamily asset in a notable market area.
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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93