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46 Saxton Street

Kristi Gjikondi & Thomas McFarland Facilitate $1.6M Sale Of Boston Multifamily
SOLDMultiFamily

Kristi Gjikondi & Thomas McFarland Facilitate $1.6M Sale Of Boston Multifamily

46 Saxton Street & 48 Saxton Street

$1,600,000

$165/SF

Building Size

9,684 SF

Asset Type

MultiFamily

Closing

Apr 19, 2024

AI

Located in Boston's Savin Hill area, two adjacent 3-family homes were recently sold as a package for a total of $1.6 million. These homes present a potential opportunity for modernization and investment, offering separate deeds and utilities. Positioned conveniently near public transit, amenities, and downtown Boston, these units provide a promising investment prospect.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 6
  • Price Per Unit: $266,667
  • Square Footage: 4,842
  • Price Per Square Foot: $330
  • Address: 46-48 Saxton Street, Boston, MA
  • Market: Boston, MA

Kristi Gjikondi of Gjikondi Realty represented the buyer in this transaction, while the seller was represented by Thomas McFarland of Re/Max. The involvement of these two real estate professionals facilitated the successful sale of these properties in the Savin Hill neighborhood, showcasing their expertise in the local Boston real estate market.

Players

Thomas McFarland

Re/Max

Broker

$7.5M

vol

5 deals

Broker

Dorchester 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93