Updated Dec 19, 2023
Eric Barnes Acquires Multifamily Property In South Boston For $1.4M
111 G St, South Boston, Boston, MA, USA
$1,429,000
$452/SF
Building Size
3,155 SF
Asset Type
MultiFamily
Closing
Jun 14, 2021
About this deal
AI
The multifamily property located at 111 G St in South Boston, MA has been sold for $1,429,000. The property spans 3,155 square feet, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,429,000
- Square Footage: 3,155
- Price per Square Foot: $453
- Address: 111 G St, South Boston, MA
- Market: South Boston, MA
The seller of the property was Matthew R. Fallon, while the buyer was Eric Barnes.
The multifamily sale at 111 G St, South Boston, Boston, MA, USA in Boston, Massachusetts sold for $1.4M in 2021. The building is 3,155 square feet, implying about 452 per square foot on the published price. This page is the Boston, Massachusetts file for the 111 G St, South Boston, Boston, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 111 G St, South Boston, Boston, MA, USA around 2021. Published consideration for 111 G St, South Boston, Boston, MA, USA is $1.4M, dated 2021. Cite this Eric Barnes Acquires Multifamily Property In South Boston For $1.4M sale when underwriting similar multifamily product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.10%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93