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36-38 Regent Street

Dillon Brennan Purchases Multifamily Asset At 36-38 Regent Street Roxbury For $1.87M
SOLDMultiFamily

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

Jeff Ravelo

MIG Realty

Broker

$26.1M

vol

16 deals

Broker

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