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173 Magnolia Street, Lone O...

Updated Dec 21, 2023

Pierre Joas Acquires 2,760 SF Multifamily Property In Dorchester For $1.3M
SOLDMultiFamily

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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Deal FAQ

About $471 per square foot on a published $1.3M for 2,760 square feet (2020).

Browse Texas multifamily sales on Traded.

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

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