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10 Gates Street

Jay Bisognano Purchases Multifamily Property From Marie Johnson In South Boston For $1.175M
SOLDMultiFamily

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

Nicholas Bevilacqua

Horvath & Tremblay

Broker

$21.4M

vol

11 deals

Broker
Jay Bisognano

Jay Bisognano

Buyer

$94.7M

vol

7 deals

Buyer

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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