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
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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