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Maria Pena Of Pena Realty Corporation Represents Buyer In Sale Of East Boston Multifamily For $1.2M

Property Image
SOLD
$1,200,000
Maria Pena
Devon Turner

Massachusetts

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MultiFamily3,552 SF
Sold 10/04/2024
the dealplayerscompscontact
Property Image
SOLD

Maria Pena Of Pena Realty Corporation Represents Buyer In Sale Of East Boston Multifamily For $1.2M

224 East Eagle Street

See Similar Deals
MultiFamily3,552 SF
Sold 10/04/2024
Maria Pena
Devon Turner
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:3,552 SF
Transaction Type:Sale

The multifamily property located at 224 East Eagle Street in East Boston, MA, has been sold for $1,200,000. This large triple-decker offers a total of 3,552 square feet, featuring 11 bedrooms and three bathrooms, with a price per square foot of $338.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Sale Date: 10/04/2024
  • Address: 224 East Eagle Street
  • Market: East Boston, MA
  • Square Footage: 3,552
  • Price per Square Foot: $338
  • Buyer's Representative: Maria Pena - Pena Realty Corporation
  • Seller's Representative: Devon Turner - Elevated Realty

Maria Pena of Pena Realty Corporation represented the buyer in this transaction, while Devon Turner of Elevated Realty represented the seller. Both representatives played crucial roles in facilitating the sale of this multi-family asset.

Players

Maria Pena
Pena Realty Corporation
Maria Pena
3 deals$3.8M volume(617) 201-0030
BROKER
Devon Turner
Elevated Realty
Devon Turner
1 deal$1.2M volume(857) 575-2707
BROKER

Details

SOLD
IMAGE: Maria Pena & Devon Turner DATE: 10/04/2024 ADDRESS: 224 East Eagle Street MARKET: East Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Maria Pena - Pena Realty Corporation (@PenaRealtyCorp) SELLER'S REP: Devon Turner (@Devon_Turner_RealEstate) - Elevated Realty (@ElevatedBoston) SALE PRICE: $1,200,000 SF: 3,552 ~ PPSF: $338 NOTE: 224 E Eagle St in Boston, MA, sold for $1.2 million and features a large triple-decker multi-family property with 11 bedrooms and three bathrooms across 3,552 square feet.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
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