Updated Dec 4, 2024
Grove Property Group Represents Nancy Troy In $1.81M Sale Of Multifamily Property On L St, South Boston
178 L Street
$1,810,000
$314/SF
Building Size
5,762 SF
Asset Type
MultiFamily
Closing
Sep 22, 2023
About this deal
AI
Located at 178 L Street in South Boston, MA, this multifamily property has recently been sold. The property consists of 3 units, with a total of 5,762 square feet. The sale price for this transaction was $1,810,000, resulting in an average price per unit of $603,333. The price per square foot for the property is $314.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,810,000
- Units: 3
- Price per Unit: $603,333
- Square Feet: 5,762
- Price per Square Foot: $314
- Address: 178 L Street, South Boston, MA
- Market: South Boston, MA
The sale of this multifamily property was facilitated by Ryan Quinn and John Federico of Grove Property Group, who acted as the sellers' brokers in the deal.
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
8.76%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93