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:
- Property Type: Multifamily
- Transaction Amount: $1,546,450
- Address: 47 Buttonwood Street, Boston, MA
- Market: Boston, MA
- Units: 3
- Square Footage: 3,180
- Price per Unit: $515,483
- Price per Square Foot: $486
- Buyer's Rep: Nguyet Lam - Lam Realty
- Seller's Rep: Kevin Benzinger - Boston Realty Advisors
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
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