Updated Dec 20, 2023
Jade Zhang Acquires Multifamily Property In Dorchester, MA For $1.5M
774 Columbia Rd, Dorchester, Boston, MA, USA
$1,500,000
$315/SF
Building Size
4,752 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
Located at 774 Columbia Rd in Dorchester, MA, this multifamily property was recently sold in a closed transaction. The property features 3 units, with a price per unit of $500,000. The total square footage of the property is 4,752, resulting in a price per square foot of $316. The sale price for this transaction was $1,500,000.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,500,000
- Units: 3
- Price Per Unit: $500,000
- Total Square Footage: 4,752
- Price Per Square Foot: $316
The buyer of this property is Jade Zhang, represented by their broker. On the other hand, the sellers are Mark Cassino and Sandra Sullivan. The transaction took place on September 1, 2021, in the Dorchester, MA market.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93