Updated Dec 21, 2023
Michael J. Rock Acquires Multifamily Property In South Boston For $1,006,000
259 W 5th St, South Boston, Boston, MA, USA
$1,006,000
$427/SF
Building Size
2,351 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
Located at 259 A W 5th St in South Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans 2,351 square feet and was sold for a price of $1,006,000, resulting in a price per square foot of $428.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,006,000
- Square Footage: 2,351
- Price per Square Foot: $428
- Market: South Boston, MA
In this transaction, the buyer was Michael J. Rock, while the seller was Joseph Cook.
Players
South 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
15.77%
Cash-on-Cash
-4.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93