Patrick J Gavin Acquires Apartment In Dorchester, MA For $5.1M
SOLD
$5,112,022
Massachusetts
See Similar DealsMultiFamily3,258 SF
Sold 05/11/2022
SOLD
Patrick J Gavin Acquires Apartment In Dorchester, MA For $5.1M
62r Greenwich Street, Dorchester, Massachusetts 02122, United States
See Similar DealsMultiFamily3,258 SF
Sold 05/11/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,569
Total Square Footage:3,258 SF
Transaction Type:Sale
The apartment located at 62-62r Greenwich St in Dorchester, MA was recently sold in a transaction on May 11, 2022. The property spans 3,258 square feet and was sold for a price of $5,112,022, resulting in a price per square foot of $1,569.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $5,112,022
- Address: 62-62r Greenwich St, Dorchester, MA
- Market: Dorchester, MA
- Buyer: Patrick J Gavin
- Seller: Josephine M Mcgonagle & Patrick J Galvin
- Square Footage: 3,258
- Price per Square Foot: $1,569
Patrick J Gavin acted as the buyer in this transaction, while Josephine M Mcgonagle & Patrick J Galvin were the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$272,641.18
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,161.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,233.59
Annual Debt Service$290,803.11
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