Stories Property Group Acquires Multifamily Property In Boston, MA For $1.485M
91 Centre Street, Boston, Dorchester Center, Massachusetts, USA
$1,485,000
$320/SF
Building Size
4,635 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
AI
The multifamily property located at 91 Centre St in Boston, MA was recently sold. The sale was facilitated by Kerry Dowlin from Leading Edge Real Estate, representing the seller, and Stories Property Group from Castles Unlimited, representing the buyer. The transaction took place on June 18, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Square Footage: 4,635
- Price per Square Foot: $320
- Address: 91 Centre St, Boston, MA
- Market: Boston, MA
The seller's representative, Kerry Dowlin from Leading Edge Real Estate, worked tirelessly to ensure a successful sale. On the buyer's side, Stories Property Group was expertly represented by Castles Unlimited. The sale price of $1,485,000 reflects a price per square foot of $320, making this multifamily property a valuable investment in the Boston market.
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
10.68%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93