Volnay Capital Acquires Multifamily Property In Dorchester, MA For $2M
425 Quincy St, Dorchester, MA 02125, USA
$2,000,000
$495/SF
Building Size
4,036 SF
Asset Type
MultiFamily
Closing
Sep 23, 2020
AI
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.
Players
Boston 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93