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101a Morris Street

Shikha Singh Of RE/MAX Andrew Realty Services Represents Buyer Christopher Sanner Of Evo Real Estate Group In $1.525M East Boston Multifamily Sale
SOLDMultiFamily

Shikha Singh Of RE/MAX Andrew Realty Services Represents Buyer Christopher Sanner Of Evo Real Estate Group In $1.525M East Boston Multifamily Sale

101a Morris Street

$1,525,000

$484/SF

Building Size

3,150 SF

Asset Type

MultiFamily

Closing

Sep 18, 2024

AI

A new three-family building located at 101A Morris Street in East Boston, MA, has been sold for $1,525,000. The property spans 3,150 square feet, translating to a price per square foot of $484. It features an additional accessory dwelling unit (ADU) in the basement, along with balconies that offer city views and storage options. The location is conveniently situated near Maverick Station.

Summary of transaction details:

The transaction involved Shikha Singh representing the buyer through RE/MAX Andrew Realty Services, while Christopher Sanner acted as the seller's representative with Evo Real Estate Group. The deal reflects the growing interest in multifamily properties in East Boston's Eagle Hill neighborhood.

Players

Shikha Singh

Re/Max

Broker

$3.8M

vol

2 deals

Broker

East 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

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93