SouthieMap, LLC Acquires Multifamily Property In Boston For $1.05M With Buyer's Rep Chris Fitzpatrick & Seller's Rep Joyce Lebedew
566 East 3rd Street, Boston, Massachusetts, USA
$1,050,000
$516/SF
Building Size
2,034 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
AI
A multifamily property located at 566 E 3rd Street in Boston, MA has been sold for a price of $1,050,000. The property spans 2,034 square feet and the price per square foot (PPSF) is $516.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Square Footage: 2,034
- Price per Square Foot (PPSF): $516
- Address: 566 E 3rd Street, Boston, MA
- Market: Boston, MA
The seller in this transaction was represented by Joyce Lebedew of Joyce Lebedew Real Estate, while the buyer was represented by Chris Fitzpatrick of SouthieMap, LLC.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93