Selectre Boston Acquires Multifamily Property In Dorchester, MA For $1.12M
64 Florida Street
$1,120,000
$348/SF
Building Size
3,216 SF
Asset Type
MultiFamily
Closing
Sep 15, 2023
AI
A multifamily property located at 64 Florida Street in Dorchester, MA, has been sold for a price of $1,120,000. The property spans a total area of 3,216 square feet, resulting in a price per square foot of $348.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 64 Florida Street
- Market: Dorchester, MA
The transaction involved Declan O'Toole of Selectre Boston, who represented the buyer, and Tanner Payne from Apex Real Estate Group, Llc, who served as the seller's representative. Both parties contributed to the successful completion of the deal.
This sale represents a significant achievement in the real estate market within Dorchester, MA. The buyer, Declan O'Toole, and the seller's representative, Tanner Payne, played vital roles in facilitating the transaction and ensuring a successful outcome for all parties involved.
Players
Dorchester Center 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93