Updated Dec 20, 2023
Daniel Ustayev Acquires Multifamily Property In South Boston, MA For $1.4M
286 K Street, Boston, MA, USA
$1,405,000
$629/SF
Building Size
2,232 SF
Asset Type
MultiFamily
Closing
Jun 11, 2020
About this deal
AI
A multifamily property located at 286 K St in South Boston, MA has been sold for a total price of $1,405,000. The property consists of 3 units with a total square footage of 2,232. The sale price per square foot is $629, and the average price per unit is $468,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,405,000
- Address: 286 K St, South Boston, MA
- Market: South Boston, MA
- Seller: David C. Brodney
- Buyer: Daniel Ustayev
The seller of the property is David C. Brodney, and the buyer is Daniel Ustayev.
Players
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
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93