Overview Property Details Payment Calculator Walkability

Expired

8 Banton, Boston MA 02124

$14,950,000

Estimated $32,304.27/month Calculator

Multi Family

Total Units: 36

Price Per Unit: $415,277.78

Total Rent: 62400/year

Estimated CAP Rate: -0.23%

60 Bedrooms

51 Full Baths

38,442 SqFt

Total Parking: 51

44,106 SqFt

Walking distance and on the bus stop to the Ashmont train station (Red Line) located in the Dorchester neighborhood of Boston. Thirty six recently constructed units in two buildings on a 44,106 square foot parcel. 8 Banton Street was built in 2019 and comprised of 18 units w...

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 6:21am (Source: MLS PIN #72922638)

Gross Income: $62,400

Gross Expenses: $96,755

Net Income Calc: $34,355

CAP Rate: -0.23%

Annual Expenses for 8 Banton, Boston MA 02124

Total Gross Expenses (Calculated)$96,755/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$96,755

Annual Income & Unit Breakdown for 8 Banton, Boston MA 02124

Total Gross Income (Calculated)$62,400

Unit 1

Rental Income$2,600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 8 Banton, Boston MA 02124

Listing ID72922638

Property TypeMulti Family

Price$14,950,000 ($388.9/SqFt)

Style5+ Family - 5+ Units Up/down

CityBoston

CountySuffolk

MLS AreaDorchester's Ashmont

Neighborhood(s)

Approximate Living Area Total38,442 SqFt

Approximate Lot Size (Acres)1.01 acres

Total Parking51

Garage Parking

Year Built2019

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMF

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 8 Banton, Boston MA 02124

Lead Paint

UFFI

Living Area Includes Basement

Living Area DisclosureNot including first floor commercial on Dorchester

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$257,460

Total Gross Income By Broker$1,075,656

Total Net Income By Broker$818,196

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 8 Banton, Boston MA 02124

Real Estate Taxes$96,755

Tax Year2021

Assessed Value$4,678,641

Financial Data Source

Total Gross Expenses By Broker$257,460

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$1,075,656

BostonRealEstate.com Gross Income

Total Net Income By Broker$818,196

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.23%

Location Information for 8 Banton, Boston MA 02124

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDorchester's Ashmont

Area AmenitiesHighway Access, Public School, Shopping, Park, Laundromat, Public Transportation, T-station

Contact Information for 8 Banton, Boston MA 02124

Agent

Name: Richard Cawley

MLS ID: NB113875

Office ID: NB4674

National Association ID: 449504534

Address: 12 Kress Farm Road

City: Hingham

State: MA

Zip: 02043

Office

Name: United Multi Family Corporation

MLS Office ID: NB4674

Phone: 617-804-6874

Team Members

Name: Jacob Yish

MLS ID: CN244785

Office ID: NB4674

Phone: 978-914-5187

City: Byfield

State: MA

Payment Calculator

$100,180.06 per month

30 Years Fixed, 6.75% Interest

Property Taxes $8,062.92

Principal & Interest $92,117.14

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

United Multi Family Corporation

Richard Cawley

Agent Phone

Office Phone

(617) 804-6874

Text Agent Call Agent Call Office

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    [description] => Walking distance and on the bus stop to the Ashmont train station (Red Line) located in the Dorchester neighborhood of Boston. Thirty six recently constructed units in two buildings on a 44,106 square foot parcel. 8 Banton Street was built in 2019 and comprised of 18 units with 15-two bedroom/two baths and 3-one bedroom apartments. The building at 1823-1829 Dorchester Avenue was built in 2004 and comprised of four retail, 13-two bedrooms and 1-one bedroom apartment.  Property has separate utilities, off street parking for 51 cars and coin-op laundry. Expenses listed from T12 (08/01/20 to 07/31/21). Debt based on interest only for 2 years
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    [heating] => No
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[high_school] => 
    [horse_features] => Array
        (
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[horse_permitted] => No
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        (
        )

[id] => 340663
    [insurance_expense] => Array
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[lead_paint] => Array
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[middle_school] => 
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[mls_area] => Dorchester's Ashmont
    [mls_id] => 72922638
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[net_income_calc] => -34355
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            [phone] => 617-804-6874
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[optional_fee_includes] => Array
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[optional_price] => 0
    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 617-529-1141
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[road_frontage_type] => Array
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[roof_material] => Array
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[terms] => Array
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[water_views] => Array
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[water_views_features] => Array
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EXIT

Expired

8 Banton, Boston MA 02124

$14,950,000

Annual Expenses for 8 Banton, Boston MA 02124

Annual Income & Unit Breakdown for 8 Banton, Boston MA 02124

General Information for 8 Banton, Boston MA 02124

Disclosures for 8 Banton, Boston MA 02124

Financial Information for 8 Banton, Boston MA 02124

Location Information for 8 Banton, Boston MA 02124

Contact Information for 8 Banton, Boston MA 02124

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

United Multi Family Corporation

Richard Cawley