Markese Daise Of Stony Brook & Lennox Realty Advisors Sells Multifamily Property In Boston For $3.25M
43 Georgia Street & 49 Georgia Street
$3,250,000
$183/SF
Building Size
17,720 SF
Asset Type
MultiFamily
Closing
Feb 6, 2025
AI
A newly built 7-unit multifamily property at 43-49 Georgia Street, Boston, MA, was sold for $3,250,000. The asset features a total of 8,860 square feet and comes with 19 beds and 13+ baths. The price per unit is $464,286, while the price per square foot stands at $367. The property is projected to generate $350,000 in annual gross income, making it an attractive option for investors or owner-occupants. It also provides easy access to transit and major hubs in Boston.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Units: 7
- Square Footage: 8,860 SF
- Price Per Unit: $464,286
- Price Per Square Foot: $367
- Broker: Markese Daise - Stony Brook & Lennox Realty Advisors
The representation in this transaction was handled by Markese Daise from Stony Brook & Lennox Realty Advisors, who played a key role in facilitating the sale of the multifamily property.
Dorchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93