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360 Athens Street

Compass Acquires New Construction Condominium In South Boston, MA For $1.5M
SOLDCondo

Compass Acquires New Construction Condominium In South Boston, MA For $1.5M

360 Athens Street

$1,529,000

$878/SF

Building Size

1,741 SF

Asset Type

Condo

Closing

Sep 6, 2022

AI

A new construction condominium located at 360 Athens St in South Boston, MA has been sold in a recent transaction. The property features a total area of 1,741 square feet with a price per square foot of $878, resulting in a sale price of $1,529,000. The transaction took place on 09/06/2022.

Summary of transaction details

  • Property Type: New Construction Condominium
  • Transaction Amount: $1,529,000
  • Square Footage: 1,741
  • Price per Square Foot: $878
  • Address: 360 Athens St, South Boston, MA
  • Market: South Boston, MA

The buyer's agent, Elizabeth Guenard from Compass, represented the buyer in this transaction. The listing agent, Kirsten McEleney from Advisors Living, represented the seller. The developer of the property is Mike Tokatlyan from Contempo Builders.

It is worth noting that there is one townhouse remaining at 358 Athens Street, which will be listed shortly. For further information, interested parties can visit @360athenscondos and contact @kirstenrealestate.

Players

Elizabeth Guenard

Compass

Broker

$1.5M

vol

1 deal

Broker

San Francisco Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.37%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93