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The Dorchester Group, LLC Acquires Multifamily Property For $2.2M In Boston

Property Image
SOLD
$2,200,000

Massachusetts

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MultiFamily4,140 SF
Sold 06/28/2020
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Property Image
SOLD

The Dorchester Group, LLC Acquires Multifamily Property For $2.2M In Boston

645 E 2nd St, Boston, Massachusetts, USA

See Similar Deals
MultiFamily4,140 SF
Sold 06/28/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$531
Total Square Footage:4,140 SF
Transaction Type:Sale

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

Lynn Hollenbeck
1 deal$2.2M volume
BROKER

John Lydon
JLL
3 deals$66.1M volume(602) 282-6326
BROKER

Details

SOLD
IMAGE: Lynn Hollenbeck DATE: 06/28/2021 ADDRESS: 645 E 2nd St MARKET: Boston, MA ASSET TYPE: Multifamily SELLER'S REP: Lynn Hollenbeck - Seaport Realty Group BUYER'S REP: John Lydon - The Dorchester Group, LLC SALE PRICE: $2,200,000 SF: 4,140 ~ PPSF: $531

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
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