Updated Sep 9, 2024
Alp Kantar Acquires Dorchester Multifamily For $5.1M With Broker Reps Ryan Quinn & John Federico
151, 153, 157 East Cottage Dorchester, Ma 02125
$5,100,000
$432/SF
Building Size
11,790 SF
Asset Type
MultiFamily
Closing
May 11, 2023
About this deal
AI
A multifamily property located at 151, 153, and 157 East Cottage in Dorchester, MA has been sold for a total price of $5,100,000. The property consists of 9 units with an average price per unit of $566,667. The total square footage of the property is 11,790, resulting in a price per square foot of $433.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 9
- Price per Unit: $566,667
- Square Footage: 11,790
- Price per Square Foot: $433
The buyer of the property is Alp Kantar. The transaction was facilitated by Ryan Quinn and John Federico of Grove Property Group, who represented the buyer in the deal.
Players
Market 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93