Egeria Real Estate Investments Acquires Mixed-Use Property In South Boston For $10.21M
377 West Broadway
$10,210,000
$594/SF
Building Size
17,170 SF
Asset Type
Mixed-use
Closing
Jun 29, 2025
AI
The mixed-use asset located at 377 West Broadway in South Boston, MA, has been sold for $10,210,000. The property comprises 13 units and spans 17,170 square feet, resulting in a price per unit of $785,385 and a price per square foot of $594.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,210,000
- Units: 13
- Price Per Unit: $785,385
- Square Footage: 17,170
- Price Per Square Foot: $594
- Buyer: Egeria Real Estate Investments
- Seller: 42 North Capital
- Buyer's Representative: Herb Entwistle - Cityscapes International Realty
- Seller's Representatives: John Federico & Ryan Quinn - Grove Property Group
- Date of Transaction: 6/30/2025
This transaction marks the seventh deal between Herb Entwistle and Egeria Real Estate Investments, with the third occurring in the South Boston area, highlighting a continued relationship in the local real estate market.
Players
South 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93