Updated Dec 19, 2023
Zhan K. Luo & Jiawen Wen Acquire Multifamily Property In Dorchester, MA For $1.3M
67 Whitten Street, Boston, MA, USA
$1,321,500
$355/SF
Building Size
3,714 SF
Asset Type
MultiFamily
Closing
Jun 23, 2021
About this deal
AI
The multifamily property located at 67 Whitten St in Dorchester, MA has been recently sold for a total of $1,321,500. The property spans across 3,714 square feet, resulting in a price per square foot of $356. With a total of 3 units, the price per unit comes out to be $440,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,321,500
- Address: 67 Whitten St, Dorchester, MA
- Market: Dorchester, MA
- Square Footage: 3,714
- Price per Square Foot: $356
- Total Units: 3
- Price per Unit: $440,500
The seller of the property is Johnny Wedgeworth, while the buyers are Zhan K. Luo and Jiawen Wen.
Players
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
12.00%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93