Updated Dec 20, 2023
Horvath & Tremblay Brokers Sell Mixed-Use Property In South Boston For $3.03M
564 East Broadway, South Boston, Boston, MA, USA
$3,025,000
$446/SF
Building Size
6,780 SF
Asset Type
Mixed-use
Closing
Feb 25, 2021
About this deal
AI
The mixed-use property at 564 East Broadway in South Boston, MA has been sold for a price of $3,025,000. The transaction took place on February 26, 2021, with Dennis Kelleher, John Pentore, and Mike McCarthy of Horvath & Tremblay acting as the brokers.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,025,000
- Units: 4
- Price Per Unit: $756,250
- Cap Rate: 5.4%
The property is situated in the market of South Boston and features a mix of residential and commercial units. This sale marks a significant transaction in the area, with the property commanding a competitive price. The brokers, Dennis Kelleher, John Pentore, and Mike McCarthy, played a crucial role in facilitating the deal, representing the parties involved throughout the process.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93