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39 Johnston Road

Updated Dec 4, 2024

Norwood Multifamily Property Sold For $1.269M With Buyer’s Rep Marcel A. Victor & Seller’s Rep Jackie Leite
SOLDMultiFamily

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

Jackie Leite

110 Realty Group

Broker

$1.3M

vol

1 deal

Broker

Dorchester Center MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $338 per square foot on a published $1.3M for 3,748 square feet (2024).

Visit 110 Realty Group to view all their deals.

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

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