Updated Oct 28, 2024
John C. Mercer Sr Acquires Multifamily Property In East Boston, MA For $1.3M
211 E Eagle St, East Boston, Boston, Massachusetts, USA
$1,300,000
$551/SF
Building Size
2,356 SF
Asset Type
MultiFamily
Closing
Jul 14, 2021
About this deal
AI
The multifamily property located at 211 E Eagle St in East Boston, MA has been sold. The property spans 2,356 square feet and was sold for a total price of $1,300,000, resulting in a price per square foot of $552. The seller of the property was Eagle St Development Llc, while the buyer was John C. Mercer Sr.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,300,000
- Square Footage: 2,356
- Price per Square Foot: $552
- Address: 211 E Eagle St, East Boston, MA
- Market: East Boston, MA
This transaction was facilitated by John C. Mercer Sr as the buyer. Eagle St Development Llc acted as the seller in this deal.
Players
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93