William Raveis Acquires Multifamily Property In South Boston For $1.35M
317 Silver St, Boston, MA, USA
$1,350,000
$569/SF
Building Size
2,370 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
AI
A three-unit multifamily property located at 317 Silver St in South Boston has been sold for $1,350,000. This property spans 2,370 square feet and was sold at a price per square foot of $570. The buyer was represented by Dan Resop of William Raveis, while the seller was represented by Greg Martin of Move Forward Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 317 Silver St
- Market: South Boston
- Units: 3
- Price per Unit: $450,000
- Square Footage: 2,370
- Price per Square Foot: $570
Dan Resop of William Raveis represented the buyer in this transaction, while Greg Martin of Move Forward Real Estate represented the seller. The sale of this multifamily property at 317 Silver St in South Boston marks a successful deal brokered by these individuals.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93