Updated May 12, 2025
MultiFamily Property In South Boston Sells For $1.3M At 175 West Eighth Street
175 West Eighth Street
$1,287,500
Units
1,287,500
Asset Type
MultiFamily
Closing
Mar 30, 2023
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 175 West Eighth Street in South Boston. The sale was finalized on 03/30/2023 for a total of $1,287,500. The property comprises a total of 2,473 square feet, resulting in a price per square foot of $521.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,287,500
- Address: 175 West Eighth Street
- Market: South Boston
- Units: ~
- Square Footage: 2,473
- Price Per Square Foot: $521
The individuals and companies involved in this transaction include a buyer and a seller who are currently not disclosed. Broker details for the deal are also absent in the provided context.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.32%
Cash-on-Cash
-3.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93