Updated Oct 28, 2024
55 Mount Vernon Llc Acquires Multifamily Property In Dorchester, MA For $1.45M
55 Mt Vernon St, Boston, MA, USA
$1,448,000
$377/SF
Building Size
3,834 SF
Asset Type
MultiFamily
Closing
Jul 27, 2021
About this deal
AI
The multifamily property located at 55 MT Vernon St in Dorchester, MA was recently sold in a transaction on 07/28/2021. The property has a total area of 3,834 square feet and was sold for a price of $1,448,000. This translates to a price per square foot of $378. The property consists of 3 units, with an average price per unit of $482,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,448,000
- Address: 55 MT Vernon St, Dorchester, MA
- Market: Dorchester, MA
- SF: 3,834
- PPSF: $378
- Units: 3
- PPU: $482,667
The sellers of the property were Teresa Marciniak & Amy Marciniak. The buyer in this transaction was 55 Mount Vernon Llc.
Players
Boston 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
10.96%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93