Jay Bisognano Purchases Multifamily Property From Marie Johnson In South Boston For $1.175M
10 Gates Street
$1,175,000
$384/SF
Building Size
3,053 SF
Asset Type
MultiFamily
Closing
Oct 6, 2025
AI
The property asset involved in the transaction is a multifamily unit located at 10 Gates Street in South Boston, MA. The sale price for this asset was $1,175,000, comprising 3 units. The total square footage of the property is 3,053, resulting in a price per unit of $391,666 and a price per square foot of $384.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 3
- Square Footage: 3,053
- Price per Unit: $391,666
- Price per Square Foot: $384
- Buyer: Jay Bisognano
- Seller: Marie Johnson
- Broker: Nicholas Bevilacqua - Horvath & Tremblay
The key individuals involved in this transaction include the buyer Jay Bisognano and seller Marie Johnson, with representation from broker Nicholas Bevilacqua of Horvath & Tremblay, highlighting the collaborative effort in completing this multifamily property sale.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93