Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M
17 M Street south
$1,900,000
$576/SF
Building Size
3,297 SF
Asset Type
MultiFamily
Closing
May 30, 2024
AI
A well-maintained four-family property located at 17 M St, Boston, MA 02127, was sold for $1,900,000, offering eight beds and four baths, with a total of 3,297 square feet. The property, a multifamily asset, had a price per square foot of $576.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 17 M Street
- Market: South Boston, MA
- Brokers: Jacob Carlin & Ryan Bartlett - Greater Metropolitan Real Estate
- SF: 3,297
- PPSF: $576
The deal was facilitated by Jacob Carlin and Ryan Bartlett of Greater Metropolitan Real Estate, serving as the brokers in the transaction.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93