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George Dabney Acquires Dorchester Multifamily For $1.5M

Property Image
SOLD
$1,500,000

Massachusetts

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MultiFamily4,992 SF
Sold 03/31/2021
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Property Image
SOLD

George Dabney Acquires Dorchester Multifamily For $1.5M

90 Adams Street, Dorchester, MA, USA

See Similar Deals
MultiFamily4,992 SF
Sold 03/31/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:4,992 SF
Transaction Type:Sale

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

4 deals$19.2M volume
BUYER

Details

SOLD
IMAGE: George Dabney DATE: 03/31/2021 ADDRESS: 90 Adams St MARKET: Dorchester, MA ASSET TYPE: Multifamily SELLER: Merlin Park & Frank Mcnamara BUYER: George Dabney SALE PRICE: $1,500,000 SF: 4,992 ~ PPSF: $300

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18