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130 M St, Boston, Massachus...

Updated Dec 21, 2023

Casey Tenney Acquires Multifamily Property On M St, South Boston For $1.24M
SOLDMultiFamily

Casey Tenney Acquires Multifamily Property On M St, South Boston For $1.24M

130 M St, Boston, Massachusetts, USA

$1,240,000

$748/SF

Building Size

1,657 SF

Asset Type

MultiFamily

Closing

Jun 10, 2020

About this deal

AI

Located in South Boston, MA, the multifamily property at 130 M St has been sold in a recent transaction. The sale took place on 06/10/2021, with the seller being David M. Broderick and the buyer identified as Casey Tenney. The property spans 1,657 square feet, with a sale price of $1,240,000, resulting in a price per square foot of $748.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,240,000
  • Address: 130 M St, South Boston, MA
  • Market: South Boston, MA
  • Seller: David M. Broderick
  • Buyer: Casey Tenney
  • Square Footage: 1,657
  • Price Per Square Foot: $748

Casey Tenney, representing the buyer in this transaction, played a key role in the deal. The successful acquisition of the property demonstrates Tenney's expertise in the South Boston market.

Players

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $748 per square foot on a published $1.2M for 1,657 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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