Updated Oct 28, 2024
South Boston Nbrhd Dev Acquires Multifamily Property On 12 Mitchell St For $1.4M
12 Mitchell St, Columbus Park / Andrew Square, Boston, MA, USA
$1,400,000
$680/SF
Building Size
2,056 SF
Asset Type
MultiFamily
Closing
Jun 2, 2021
About this deal
AI
The multifamily property located at 12 Mitchell St in South Boston, MA was recently sold in a closed transaction on 06/03/2021. The property spans across 2,056 square feet and was sold for a total price of $1,400,000, resulting in a price per square foot of $681. The property consists of 3 units, with an average price per unit of $466,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 12 Mitchell St
- Market: South Boston, MA
- Square Footage: 2,056
- Price per Square Foot: $681
- Number of Units: 3
- Price per Unit: $466,667
The seller of the property was Colm Dunphy, while the buyer was South Boston Nbrhd Dev. Both parties were represented by their respective brokers during the transaction.
Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93