Boston Trust Realty Group And MIG Realty Sell Dorchester Multifamily Property
SOLD
$900,000
Massachusetts
See Similar DealsMultiFamily4,590 SF
Sold 09/30/2022
SOLD
Boston Trust Realty Group And MIG Realty Sell Dorchester Multifamily Property
86 Bernard Street, Dorchester, Massachusetts 02124, United States
See Similar DealsMultiFamily4,590 SF
Sold 09/30/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$196
Total Square Footage:4,590 SF
Transaction Type:Sale
A multifamily property located at 86 Bernard St in Dorchester, Boston has been sold for $900,000. The property consists of 2 units, with a price per unit of $450,000. It spans across 4,590 square feet, with a price per square foot of $196.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $900,000
- Units: 2
- Price per Unit: $450,000
- Square Footage: 4,590
- Price per Square Foot: $196
The sale of this property was facilitated by Daniel Jeannite from Boston Trust Realty Group and Robert Nichols from MIG Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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