Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,725,000
$657/SF
MultiFamily
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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