William Raveis Acquires Multifamily Property In South Boston For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily2,370 SF
Sold 09/30/2021
SOLD
William Raveis Acquires Multifamily Property In South Boston For $1.35M
317 Silver St, Boston, MA, USA
See Similar DealsMultiFamily2,370 SF
Sold 09/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$569
Total Square Footage:2,370 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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