Strobeck Antonell Group Represents Buyer In $1.725M South Boston Multifamily Sale
135 West Seventh Street
$1,725,000
$657/SF
Building Size
2,625 SF
Asset Type
MultiFamily
Closing
May 23, 2024
AI
A multi-family property located at 135 West Seventh Street in South Boston was sold for $1,725,000. Situated in one of Boston's rapidly growing and diverse submarkets, the property comprises one two-bedroom unit and two three-bedroom units, each featuring fully renovated kitchens and bathrooms with stainless steel appliances, quartz countertops, in-unit laundry, and private decks.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- SF: 2,625
- PPSF: $657
- Address: 135 West Seventh Street, South Boston, MA
- Market: South Boston, MA
- Buyer's Rep: Strobeck Antonell Group - Compass
- Seller's Rep: Kevin Benzinger - Boston Realty Advisors
The Strobeck Antonell Group from Compass represented the buyer in this transaction, while the seller was represented by Kevin Benzinger from Boston Realty Advisors.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93