Updated Dec 4, 2024
Norwood Multifamily Property Sold For $1.269M With Buyer’s Rep Marcel A. Victor & Seller’s Rep Jackie Leite
39 Johnston Road
$1,269,000
$338/SF
Building Size
3,748 SF
Asset Type
MultiFamily
Closing
Sep 11, 2024
About this deal
AI
A multifamily property located at 39 Johnston Road in Boston, MA, was sold for $1,269,000. The property spans 3,748 square feet and has a price per square foot of $339. This 1920-built, three-family home includes features such as hardwood floors, large kitchens, and a finished basement, all situated in proximity to schools, shopping, and public transportation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,269,000
- Address: 39 Johnston Road
- Market: Boston, MA
- Square Footage: 3,748
- Price Per Square Foot: $339
- Buyer's Representative: Marcel A. Victor - Marcel Victor & Associates
- Seller's Representative: Jackie Leite -110 Realty Group
The transaction involved Marcel A. Victor from Marcel Victor & Associates representing the buyer, while Jackie Leite from 110 Realty Group represented the seller, ensuring a smooth transfer of the asset in the multifamily market of Boston.
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
12.50%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93