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645 E 2nd St, Boston, Massa...

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

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

Lynn Hollenbeck

Seaport Realty Group

Broker

$2.2M

vol

1 deal

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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