Updated Dec 4, 2024
Kenia Brea-Gonzalez Of Boston Realty Services Represents Buyer In Multifamily Sale At 51 Oldfields Road For $1.1M
51 Oldfields Road
$1,100,000
$393/SF
Building Size
2,796 SF
Asset Type
MultiFamily
Closing
Sep 11, 2024
About this deal
AI
A two-family home at 51 Oldfields Road in Boston, MA, has been sold for $1,100,000. The property encompasses 2,796 square feet and includes 6 bedrooms and 3 bathrooms. Additionally, it features a rare oversized garage with a total of 8 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
- Square Footage: 2,796
- Price Per Square Foot: $393
- Buyer's Representative: Kenia Brea-Gonzalez - Boston Realty Services
- Seller's Representative: TJ Georges - Re/Max Platinum
The transaction involved Kenia Brea-Gonzalez representing the buyer and TJ Georges representing the seller, highlighting their roles in successfully facilitating this deal in the competitive Boston real estate market.
On the Map
$1,100,000
$393/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93