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51 Oldfields Road

Kenia Brea-Gonzalez Of Boston Realty Services Represents Buyer In Multifamily Sale At 51 Oldfields Road For $1.1M
SOLDMultiFamily

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

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.

Players

TJ Georges

Re/Max

Broker

$2.1M

vol

2 deals

Broker

Dorchester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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