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Boston Brokerage Group Acquires Dorchester Multifamily Property For $1.2M
SOLD
Massachusetts
See Similar DealsMultiFamily3,546 SF
Sold 01/05/2024
SOLD
Boston Brokerage Group Acquires Dorchester Multifamily Property For $1.2M
5 Sumner Square
See Similar DealsMultiFamily3,546 SF
Sold 01/05/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:3,546 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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