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178 L Street

Updated Dec 4, 2024

Grove Property Group Represents Nancy Troy In $1.81M Sale Of Multifamily Property On L St, South Boston
SOLDMultiFamily

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

John Federico

Grove Property Group

Broker

$193.7M

vol

55 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $314 per square foot on a published $1.8M for 5,762 square feet (2023).

Visit John Federico to view all their deals.

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

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