Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 5 Sumner Square in Dorchester, Massachusetts sold for $1.2M in 2024. The building is 3,546 square feet, implying about 338 per square foot on the published price. Alp Kantar, Jamie Iacoi, Boston Brokerage Group, Great Spaces Era appear on the sale alongside Boston Brokerage Group, Great Spaces Era. This page is the Dorchester, Massachusetts file for the 5 Sumner Square multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dorchester sit in the Market section below. Filter that Dorchester multifamily set by closing date to see what else sold near 5 Sumner Square around 2024. Published consideration for 5 Sumner Square is $1.2M, dated 2024. Cite this Boston Brokerage Group Acquires Dorchester Multifamily Property For $1.2M sale when underwriting similar multifamily product around Dorchester, Massachusetts.
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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