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.
Players
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