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774 Columbia Rd, Dorchester...

Updated Dec 20, 2023

Jade Zhang Acquires Multifamily Property In Dorchester, MA For $1.5M
SOLDMultiFamily

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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Deal FAQ

About $315 per square foot on a published $1.5M for 4,752 square feet (2021).

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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

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