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
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.
Players
Boston 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
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93