Stamatos Family Acquires Retail Property From Patel Family In Dorchester For $500,000
SOLD
$500,000
Massachusetts
See Similar DealsRetail2,293 SF
Sold 01/21/2026
SOLD
Stamatos Family Acquires Retail Property From Patel Family In Dorchester For $500,000
8 12 Hancock Street
See Similar DealsRetail2,293 SF
Sold 01/21/2026
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$218
Total Square Footage:2,293 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 8-12 Hancock Street in Dorchester, MA. The sale price for the property was $500,000, and it encompasses a total square footage of 2,293. The price per square foot is calculated at $218.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $500,000
- Buyer: Stamatos Family
- Seller: Patel Family
- Broker: Jeff Similien - DMG Brokerage
Jeff Similien of DMG Brokerage represented the transaction in this sale between the Stamatos Family and the Patel Family, facilitating the negotiation and execution of the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$26,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,776.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,370.26
Annual Debt Service$28,443.06
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