Updated Oct 28, 2024
Muammar Hermanstyne Acquires Multifamily Property In Dorchester, MA For $1.3M
7-9 Spring Garden St, Dorchester, Boston, MA, USA
$1,300,000
$323/SF
Building Size
4,017 SF
Asset Type
MultiFamily
Closing
May 25, 2021
About this deal
AI
The multifamily property located at 7-9 Spring Garden St in Dorchester, MA has been sold. The transaction took place on 05/26/2021. The property is comprised of 3 units, with a total square footage of 4,017. The sale price for this property was $1,300,000, resulting in a price per square foot of $324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 7-9 Spring Garden St, Dorchester, MA
- Market: Dorchester, MA
- Units: 3
- Price per Square Foot: $324
The seller of the property was 7 Spring Garden Llc and the buyer was Muammar Hermanstyne.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93