Daniel O'Reagan Purchases Boston Multifamily Property From Octavio F Miranda For $1.616M
9 Holden Street
$1,616,000
$385/SF
Building Size
4,193 SF
Asset Type
MultiFamily
Closing
Dec 19, 2024
AI
The property involved in this transaction is a multifamily asset located at 9 Holden Street in Boston, MA. The sale price was recorded at $1,616,000, covering a total of 4 units. The property encompasses a total square footage of 4,193 with a price per unit of $404,000 and a price per square foot of $385.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,616,000
- Units: 4
- Square Footage: 4,193
- Price Per Unit: $404,000
- Price Per Square Foot: $385
- Buyer: Daniel O'Reagan
- Seller: Octavio F Miranda
- Brokers: Hakim Sadler & Robert Nichols - MIG Realty
- Date of Sale: 12/19/2024
Hakim Sadler and Robert Nichols represented MIG Realty in the transaction, facilitating the deal between the buyer, Daniel O'Reagan, and the seller, Octavio F Miranda. Their involvement was crucial in the successful completion of this multifamily property sale.
Players
Dorchester 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
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93