Egeria Real Estate Investments Acquires Mixed-Use Property In South Boston For $10.21M
SOLD
Massachusetts
See Similar DealsMixed-use17,170 SF
Sold
SOLD
Egeria Real Estate Investments Acquires Mixed-Use Property In South Boston For $10.21M
377 West Broadway
See Similar DealsMixed-use17,170 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$594
Total Square Footage:17170 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,273.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,400.61
Annual Debt Service$580,807.31
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