9-Unit Multifamily Property At 8 Dustin Street Sold For $4.21M With David Dobrowolski As The Broker
8 Dustin Street
$4,210,000
$461/SF
Building Size
9,132 SF
Asset Type
MultiFamily
Closing
Aug 27, 2024
AI
A multi-family building located at 8 Dustin Street in Boston, MA, has been sold for $4,210,000. The asset features nine units with modern one- and two-bedroom apartments, encompassing a total square footage of 9,132. The price per unit is $467,778, and the price per square foot is $461.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,210,000
- Units: 9
- Square Footage: 9,132
- Price Per Unit: $467,778
- Price Per Square Foot: $461
The transaction was represented by David Dobrowolski of Block Realty, who facilitated the deal involving the sale of this multi-family asset in the competitive Boston market.
Players
Brighton 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
3.77%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93