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89-91 Tonawanda Street

Updated Dec 4, 2024

Crystal Kavanaugh & Kathleen Alexander Broker $1.05M Sale In Dorchester, MA Multifamily
SOLDMultiFamily

Crystal Kavanaugh & Kathleen Alexander Broker $1.05M Sale In Dorchester, MA Multifamily

89-91 Tonawanda Street

$1,050,000

$266/SF

Building Size

3,942 SF

Asset Type

MultiFamily

Closing

Mar 28, 2024

About this deal

AI

Located at 89-91 Tonawanda St. in Dorchester, MA, the multifamily property was recently sold for $1,050,000. This property consists of a 2-family building with 4 bedrooms in each unit, along with a garage featuring a workshop area. Additionally, there is a stone patio on the premises, perfect for entertaining.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 2
  • Price Per Unit: $525,000
  • Square Footage: 3,942
  • Price Per Square Foot: $266
  • Address: 89-91 Tonawanda Street, Dorchester, MA
  • Market: Dorchester, MA

Crystal Kavanaugh of Homesmart Professionals Real Estate served as the buyer's representative in this transaction, while the seller's representative was Kathleen Alexander from Keller Williams. The deal showcases the expertise of these professionals in navigating the sale of this valuable multifamily property.

Players

Kathleen Alexander

Keller Williams Realty

Broker

$2.1M

vol

2 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $266 per square foot on a published $1.1M for 3,942 square feet (2024).

Visit Kathleen Alexander to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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