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52 McLellan Street, Boston,...

Updated Oct 28, 2024

52 McLellan St In Dorchester, MA Sells For $1.225M To 52 McLellan St Dev LLC
SOLDMultiFamily

52 McLellan St In Dorchester, MA Sells For $1.225M To 52 McLellan St Dev LLC

52 McLellan Street, Boston, MA, USA

$1,225,000

$244/SF

Building Size

5,004 SF

Asset Type

MultiFamily

Closing

Jun 3, 2021

About this deal

AI

Located in Dorchester, MA, the multifamily property at 52 McLellan St has been sold in a recent transaction. The property encompasses a total area of 5,004 square feet, with a price per square foot of $245. It consists of 3 units, with each unit valued at approximately $408,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Address: 52 McLellan St
  • Market: Dorchester, MA

The seller of the property was Robert V. Wallace Jr, while the buyer was 52 Mclellan St Dev LLC. Both parties were represented by their respective brokers.

Players

Robert V. Wallace Jr

Seller

$10M

vol

3 deals

Seller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $244 per square foot on a published $1.2M for 5,004 square feet (2021).

Visit Robert V. Wallace Jr to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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