George Dabney Acquires Dorchester Multifamily For $1.5M
90 Adams Street, Dorchester, MA, USA
$1,500,000
$300/SF
Building Size
4,992 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
AI
Located at 90 Adams St in Dorchester, MA, this multifamily property was recently sold in a closed transaction. The property spans 4,992 square feet and was sold for a total price of $1,500,000, resulting in a price per square foot of $300. The transaction took place on March 31, 2021. The seller, Merlin Park & Frank Mcnamara, chose George Dabney as the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Square Footage: 4,992
George Dabney played the role of the buyer in this transaction, successfully acquiring the property. Representing the sellers were Merlin Park & Frank Mcnamara. The deal showcases the thriving real estate market in Dorchester, MA, where this multifamily property was located.
Players
Boston 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93