Boston Multifamily Sells For $3.8M With Buyer's Rep Alp Kantar & Seller's Rep Kevin Benzinger
SOLD
$3,800,000
Massachusetts
See Similar DealsMultiFamily9,920 SF
Sold 03/15/2023
SOLD
Boston Multifamily Sells For $3.8M With Buyer's Rep Alp Kantar & Seller's Rep Kevin Benzinger
912-916 Dorchester Ave
See Similar DealsMultiFamily9,920 SF
Sold 03/15/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$383
Total Square Footage:9,920 SF
Transaction Type:Sale
The multifamily property located at 912-916 Dorchester Ave in Dorchester, MA has been sold for a price of $3,800,000. The property spans over 9,920 square feet, resulting in a price per square foot of $383. Kevin Benzinger shared an image of the property on Instagram.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,800,000
- Square Footage: 9,920
- Price Per Square Foot: $383
- Address: 912-916 Dorchester Ave, Dorchester, MA
- Market: Dorchester, MA
Alp Kantar from Boston Brokerage Group represented the buyer in this transaction, while Kevin Benzinger from Boston Realty Advisors represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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