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17 M Street south

Four-Family Multifamily At 17 M Street, South Boston Sells For $1.9M
SOLDMultiFamily

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:

The deal was facilitated by Jacob Carlin and Ryan Bartlett of Greater Metropolitan Real Estate, serving as the brokers in the transaction.

Players

Ryan Bartlett

Greater Metropolitan Real Estate

Broker

$14.4M

vol

6 deals

Broker

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