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Edge Real Estate Investments LLC Sells South Dorchester Multifamily Property For $1.232M With Brokers Laura & Jeff Similien @BTRGCommercial

Property Image
SOLD
$1,232,000

Massachusetts

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MultiFamily28,320 SF
Sold 04/22/2020
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Property Image
SOLD

Edge Real Estate Investments LLC Sells South Dorchester Multifamily Property For $1.232M With Brokers Laura & Jeff Similien @BTRGCommercial

392 Seaver St, Boston, MA 02121, USA

See Similar Deals
MultiFamily28,320 SF
Sold 04/22/2020
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$43
Total Square Footage:28,320 SF
Transaction Type:Sale

The multifamily property located at 392 Seaver Street in South Dorchester has been sold for $1,232,000. The property spans 2,832 square feet and was sold at a price of $435.02 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,232,000
  • Square Footage: 2,832
  • Price Per Square Foot: $435.02
  • Address: 392 Seaver Street, South Dorchester

The seller of the property was Edge Real Estate Investments LLC. Laura and Jeff Similien from BTRG Commercial served as the brokers for this transaction.

Players

Jeff Similien
11 deals$8.2M volume
BROKER

Laura Similien
Boston Trust Realty Group
4 deals$2.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Laura Similien & Jeff Similien DATE: 04/22/2020 ADDRESS: 392 Seaver Street MARKET: South Dorchester ASSET TYPE: Multifamily PRICE: $1,232,000 SF: 2,832 PPSF: $435.02 SELLER: Edge Real estate Investments llc BROKERS: Laura & Jeff Similien @BTRGCommercial

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,377.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,840.31
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