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224 East Eagle Street

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

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

224 East Eagle Street

$1,200,000

$337/SF

Building Size

3,552 SF

Asset Type

MultiFamily

Closing

Oct 4, 2024

AI

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

Broker

$3.8M

vol

3 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93