Updated Sep 9, 2024
Boston Trust Realty Group Acquires Multifamily Property In Dorchester For $970,000
39 Harwood Street, Dorchester Center, MA 02124
$970,000
$249/SF
Building Size
3,891 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
About this deal
AI
The multifamily property located at 39 Harwood St in Dorchester, MA has recently been sold for $970,000. The property spans a total of 3,891 square feet, resulting in a price per square foot of $249. The sale took place on June 10, 2021, and was facilitated by brokers Julian Addy from Boston Trust Realty Group and Hakim Sadler from MIG Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $970,000
- Square Footage: 3,891
- Price per Square Foot: $249
- Address: 39 Harwood St, Dorchester, MA
- Market: Dorchester, MA
- Brokers: Julian Addy - Boston Trust Realty Group and Hakim Sadler - MIG Realty
Julian Addy from Boston Trust Realty Group and Hakim Sadler from MIG Realty played key roles in the successful completion of this transaction. The sale of this multifamily property highlights the expertise and negotiation skills of these brokers in the Dorchester, MA market.
Players
Dorchester Center 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
16.35%
Cash-on-Cash
-4.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93