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
East 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93