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90 Adams Street, Dorchester...

George Dabney Acquires Dorchester Multifamily For $1.5M
SOLDMultiFamily

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

George Dabney

Buyer

$19.2M

vol

4 deals

Buyer

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