Updated Dec 4, 2024
Ryan J Glass & Kevin Benzinger Facilitate $1.7M Multifamily Sale In South Boston
288 Athens Street
$1,700,000
$573/SF
Building Size
2,964 SF
Asset Type
MultiFamily
Closing
Mar 18, 2024
About this deal
AI
Located at 288 Athens Street in South Boston's West Side, this multifamily property was sold for $1,700,000 on March 18, 2024. The property consists of three units, with a total square footage of 2,964.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 3
- Price Per Unit: $566,667
- Square Footage: 2,964
- Price Per Square Foot: $574
- Address: 288 Athens Street
- Market: South Boston, MA
The buyer's representative in this transaction was Kevin Benzinger from Boston Realty Advisors, while the seller's representative was Ryan J Glass from Gibson Sotheby's International Realty.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93