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:
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Address: 101a Morris Street
- Market: East Boston, MA
- Square Footage: 3,150
- Price Per Square Foot: $484
- Buyer's Representative: Shikha Singh - RE/MAX Andrew Realty Services
- Seller's Representative: Christopher Sanner - Evo Real Estate Group
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
East 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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93