Boston Multifamily Sells For $3.8M With Buyer's Rep Alp Kantar & Seller's Rep Kevin Benzinger
912-916 Dorchester Ave
$3,800,000
$383/SF
Building Size
9,920 SF
Asset Type
MultiFamily
Closing
Mar 15, 2023
AI
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.
Players
Dorchester 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93