Updated Dec 20, 2023
Steven Phu & Yingying Zhang Acquire Dorchester Multifamily Property For $1.176M
6 Taft St, Dorchester, MA, USA
$1,176,000
$351/SF
Building Size
3,348 SF
Asset Type
MultiFamily
Closing
Aug 15, 2021
About this deal
AI
An multifamily property located at 6 Taft St in Dorchester, MA has been sold on August 16, 2021. The property consists of 3 units with a total area of 3,348 square feet. The sale price for this transaction was $1,176,000, resulting in a price per unit of $392,000 and a price per square foot of $351.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,176,000
- Address: 6 Taft St, Dorchester, MA
- Market: Dorchester, MA
- Buyer: Steven Phu & Yingying Zhang
- Seller: Zhifang Lin & Kelly N. Lian
- Units: 3
- Price per Unit: $392,000
- Total Area: 3,348 square feet
- Price per Square Foot: $351
The buyers in this transaction are represented by Steven Phu & Yingying Zhang. On the other hand, the sellers are represented by Zhifang Lin & Kelly N. Lian.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.49%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93