The Dorchester Group, LLC Acquires Multifamily Property For $2.2M In Boston
645 E 2nd St, Boston, Massachusetts, USA
$2,200,000
$531/SF
Building Size
4,140 SF
Asset Type
MultiFamily
Closing
Jun 28, 2020
AI
Located at 645 E 2nd St in Boston, MA, this multifamily property was sold on 06/28/2021. The transaction was facilitated by Lynn Hollenbeck from Seaport Realty Group, representing the seller, and John Lydon from The Dorchester Group, LLC, representing the buyer. The sale price for this property was $2,200,000. Spanning across 4,140 square feet, the price per square foot was calculated to be $531.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 645 E 2nd St, Boston, MA
- Market: Boston, MA
Lynn Hollenbeck from Seaport Realty Group acted as the seller's representative in this deal, while John Lydon represented the buyer as part of The Dorchester Group, LLC. These key individuals and companies played crucial roles in the successful completion of this transaction.
Players
South 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93