Volnay Capital Acquires Multifamily Property In Dorchester, MA For $2M
SOLD
$2,000,000
Massachusetts
See Similar DealsMultiFamily4,036 SF
Sold 09/24/2020
SOLD
Volnay Capital Acquires Multifamily Property In Dorchester, MA For $2M
425 Quincy St, Dorchester, MA 02125, USA
See Similar DealsMultiFamily4,036 SF
Sold 09/24/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$495
Total Square Footage:4,036 SF
Transaction Type:Sale
The multifamily property located at 425 Quincy Street in Dorchester, MA has been sold for a price of $2,000,000. The property features and is situated in the area. This sale transaction was completed on 09/24/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 425 Quincy Street, Dorchester, MA
- Market: Dorchester, MA
The buyer of this property is Volnay Capital, represented by Ricky Beliveau. The transaction was facilitated by Mike Restivo, Kellie Coveney, and Lenny Pierce from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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