Updated Dec 21, 2023
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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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