Updated Dec 21, 2023
Mija Choi Sells 2-Unit Multifamily In South Boston, MA To Qi Y. Lei For $1.5M
12 Ward Court, South Boston, Boston, Massachusetts, USA
$1,500,000
$710/SF
Building Size
2,112 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
About this deal
AI
A multifamily property located at 12 Ward Street in South Boston, MA has been sold in a recent transaction. The property spans a total of 2,112 square feet and was sold for a price of $1,500,000, resulting in a price per square foot of $710. The property consists of 2 units, with a per unit price of $750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 12 Ward Street, South Boston, MA
- Market: South Boston, MA
- Seller: Mija Choi
- Buyer: Qi Y. Lei
- Square Footage: 2,112
- Price per Square Foot: $710
- Number of Units: 2
- Price per Unit: $750,000
Mija Choi was the seller of the property, while Qi Y. Lei was the buyer. Both parties were represented by their respective brokers in the transaction.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93