Updated Dec 21, 2023
Heather Carbone Sells Multifamily Property In South Boston, MA To Fang Yuan For $2.3M
306 K Street, South Boston, Boston, MA, USA
$2,325,000
$807/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Feb 11, 2021
About this deal
AI
Heather Carbone has successfully sold a multifamily property located at 306 K Street in South Boston, MA. The transaction took place on February 12, 2021, with Fang Yuan as the buyer. The property was sold for a price of $2,325,000. The total square footage of the property is 2,880, resulting in a price per square foot of $807.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,325,000
Heather Carbone acted as the seller in this transaction, while Fang Yuan assumed the role of the buyer. The deal was successfully closed, securing a significant investment for both parties.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93