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377 West Broadway

Egeria Real Estate Investments Acquires Mixed-Use Property In South Boston For $10.21M
SOLDMixed-use

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

John Federico

Grove Property Group

Broker

$189.6M

vol

54 deals

Broker
Herb Entwistle
Verified Badge

Herb Entwistle

Douglas Elliman

Broker

$40.9M

vol

5 deals

Broker
Cityscapes International Realty
Cityscapes International RealtyBrokerage

South Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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