Updated Dec 21, 2023
Pierre Joas Acquires 2,760 SF Multifamily Property In Dorchester For $1.3M
173 Magnolia Street, Lone Oak, TX 75453
$1,300,000
$471/SF
Building Size
2,760 SF
Asset Type
MultiFamily
Closing
Apr 26, 2020
About this deal
AI
The multifamily property located at 173 Magnolia St in Dorchester, MA was recently sold for $1,300,000. The property has a total square footage of 2,760, resulting in a price per square foot of $471. The transaction took place on April 26, 2021, and the sale was facilitated by Adam Jaspon, who acted as the seller, and Pierre Joas, the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Square Footage: 2,760
- Price per Square Foot: $471
- Address: 173 Magnolia St, Dorchester, MA
- Market: Dorchester, MA
Adam Jaspon represented the seller in the deal, while Pierre Joas acted as the buyer. Both parties successfully completed the transaction, resulting in the sale of the multifamily property.
Players
Lone Oak 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93