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Multifamily Property Acquired In Dorchester, MA For $2.3M

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SOLD
$2,335,000

New South Wales

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MultiFamily4,149 SF
Sold 06/21/2023
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Property Image
SOLD

Multifamily Property Acquired In Dorchester, MA For $2.3M

55 Mt Vernon St Boston, MA 02125, USA

See Similar Deals
MultiFamily4,149 SF
Sold 06/21/2023
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$562
Total Square Footage:4,149 SF
Transaction Type:Sale

A multifamily property located at 55 Mount Vernon Street in Dorchester, MA was sold for $2,335,000. The property spans a total of 4,149 square feet, resulting in a price per square foot of $563.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,335,000
  • Address: 55 Mount Vernon Street, Dorchester, MA
  • Market: Dorchester, MA
  • Buyer's Representative: Mission Realty Advisors - Compass
  • Seller's Representative: Eric Johnson - Compass

The buyer in this transaction was represented by Mission Realty Advisors from Compass, while Eric Johnson from Compass acted as the seller's representative.

Players

Eric Johnson
Compass
Eric Johnson
17 deals$34.4M volume
BROKER

Details

SOLD
IMAGE: Eric Johnson DATE: 06/21/2023 ADDRESS: 55 Mount Vernon Street MARKET: Dorchester, MA ASSET TYPE: Multifamily BUYER'S REP: Mission Realty Advisors (@MissionRealtyAdvisors)- Compass SELLER'S REP: Eric Johnson (@EricWadeJohnson) - Compass (@Compass) (@CompassNewEngland) SALE PRICE: $2,335,000 SF: 4,149 ~ PPSF: $563 NOTE: A multifamily property located at 55 Mount Vernon Street in Dorchester, MA, was sold for $2,335,000. The buyer was represented by Mission Realty Advisors from Compass, while Eric Johnson from Compass acted as the seller's representative.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,295.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,069.09
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