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5 Sumner Square

Boston Brokerage Group Acquires Dorchester Multifamily Property For $1.2M
SOLDMultiFamily

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

Alp Kantar

Boston Brokerage Group

Broker

$28.7M

vol

13 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93