Torrington Properties Acquires Multifamily Property In South Boston For $1.45M
165-167 K Street, South Boston, Boston, MA, USA
$1,450,000
$497/SF
Building Size
2,916 SF
Asset Type
MultiFamily
Closing
Mar 23, 2020
AI
The multifamily property located at 165-167 K Street in South Boston has been sold for a price of $1,450,000. The property has a total square footage of 2,916, resulting in a price per square foot of $497. The sale took place on March 24, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Square Footage: 2,916
- Price Per Square Foot: $497
- Address: 165-167 K Street, South Boston
- Date: March 24, 2020
- Seller: Red Dome Realty - JP Plunkett
- Buyer: Torrington Properties - Jay Bisognano, Matt Morgan, Brett Paganin
The seller's representative in this transaction was JP Plunkett from Red Dome Realty. On the buyer's side, the property was acquired by Torrington Properties, represented by Jay Bisognano, Matt Morgan, and Brett Paganin.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93