Devin Wong Of Kava Realty Group Represents Buyer In Sale Of Boston Multifamily For $1.475M
373 Centre Street
$1,475,000
$416/SF
Building Size
3,540 SF
Asset Type
MultiFamily
Closing
Oct 8, 2024
AI
373 Centre Street in Boston, MA, is a multifamily property that sold for $1,475,000. The asset consists of three units, encompassing a total of 3,540 square feet, with a price per unit of $491,667 and a price per square foot of $417.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Units: 3
- Price Per Unit: $491,667
- Square Footage: 3,540
- Price Per Square Foot: $417
- Buyer's Representative: Devin Wong - Kava Realty Group
- Seller's Representative: Lynda Le - Thread Real Estate
The transaction involved Devin Wong representing the buyer and Lynda Le representing the seller, indicating the active role of real estate professionals in facilitating the deal. This closed transaction highlights the collaborative efforts of both representatives in the multifamily property market.
Players
Dorchester 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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93