Updated Sep 5, 2024
Multifamily Property Acquired In Dorchester, MA For $2.3M
55 Mt Vernon St Boston, MA 02125, USA
$2,335,000
$562/SF
Building Size
4,149 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
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.
On the Map
$2,335,000
$562/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93