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

Property Image
SOLD
$1,870,000
Robert Nichols
Jeff Ravelo

Massachusetts

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MultiFamily7,950 SF
Sold
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Property Image
SOLD

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

36-38 Regent Street

See Similar Deals
MultiFamily7,950 SF
Sold
Robert Nichols
Jeff Ravelo
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:7950 SF
Transaction Type:Sale

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
Jeff Ravelo
16 deals$26.1M volume
BROKER
Robert Nichols
MIG Realty
Robert Nichols
44 deals$69M volume
BROKER

Details

SOLD
IMAGE: Robert Nichols & Jeff Ravelo DATE: 10/25/2024 ADDRESS: 36-38 Regent Street MARKET: Roxbury, MA ASSET TYPE: Multifamily BUYER: Dillon Brennan SELLER: Victor Berry BROKERS: Jeff Ravelo (@Jeff.Ravelo) & Robert Nichols (@RobertlNichols) - MIG Realty (@MIGRealty) SALE PRICE: $1,870,000 UNITS: 6 ~ PPU: $311,666 SF: 7,950 ~ PPSF: $235

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$99,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,643.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,864.75
Annual Debt Service$106,377.05