Updated Sep 9, 2024
Zhenwei Mo Acquires Multifamily In South Boston For $2.5M With Grove Property Group Brokers
351 E 8th St Boston, MA 02127, USA
$2,545,000
$682/SF
Building Size
3,727 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
About this deal
AI
The multifamily property located at 351 East Eighth Street in South Boston, MA has been sold. The property consists of 4 units with a total square footage of 3,727. The sale price for this transaction was $2,545,000, resulting in a price per unit of $636,250 and a price per square foot of $683.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,545,000
- Units: 4
- Price per Unit: $636,250
- Total Square Footage: 3,727
- Price per Square Foot: $683
- Address: 351 East Eighth Street, South Boston, MA
The buyer for this property is Zhenwei Mo. The transaction was facilitated by Ryan Quinn and John Federico from Grove Property Group, who served as the brokers representing both the buyer and the seller.
Players
Market 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
6.23%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93