Boston Brokerage Group Acquires Dorchester Multifamily Property For $1.2M
5 Sumner Square
$1,200,000
$338/SF
Building Size
3,546 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
AI
A multifamily property located at 5 Sumner Square in Dorchester, MA, was recently sold for $1,200,000. The property has a total square footage of 3,546, resulting in a price per square foot of $338.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 5 Sumner Square, Dorchester, MA
- Market: Dorchester, MA
This transaction involved Alp Kantar from Boston Brokerage Group representing the buyer and Jamie Iacoi from Great Spaces Era handling the seller's representation.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93