Updated Dec 19, 2023
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
About this deal
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.
On the Map
$1,050,000
$516/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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93