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47 Buttonwood Street

Kevin Benzinger & Nguyet Lam Facilitate $1.55M Sale Of Multifamily Asset In Boston
SOLDMultiFamily

Kevin Benzinger & Nguyet Lam Facilitate $1.55M Sale Of Multifamily Asset In Boston

47 Buttonwood Street

$1,546,450

$486/SF

Building Size

3,180 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

AI

47 Buttonwood St, Boston, MA, was sold for $1,546,450. The property is a multifamily asset with a total of three units, comprising one 2-bedroom apartment and two 3-bedroom apartments. The building spans 3,180 square feet, resulting in a price per unit of $515,483 and a price per square foot of $486.

Summary of transaction details:

Nguyet Lam from Lam Realty represented the buyer in this transaction, while Kevin Benzinger from Boston Realty Advisors represented the seller. The property at 47 Buttonwood St presents an opportunity for value-add renovations, making it an attractive investment in the Boston, MA market.

Players

Kevin Benzinger

Boston Realty Advisors

Broker

$478.4M

vol

38 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

10.26%

Cash-on-Cash

-2.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93