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Multifamily Property In South Boston Sells For $1.085M With Broker L. Jack Staley
SOLD
$1,085,000
Massachusetts
See Similar DealsMultiFamily1,636 SF
Sold 01/04/2024
SOLD
Multifamily Property In South Boston Sells For $1.085M With Broker L. Jack Staley
352 East Eighth Street
See Similar DealsMultiFamily1,636 SF
Sold 01/04/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$663
Total Square Footage:1,636 SF
Transaction Type:Sale
A multifamily property located at 352 East Eighth Street in South Boston, MA, recently sold for $1,085,000. The transaction was facilitated by L. Jack Staley from Joyce Lebedew Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,085,000
- Square Footage: 1,636
- Price per Square Foot: $663
- Address: 352 East Eighth Street, South Boston, MA
- Broker: L. Jack Staley - Joyce Lebedew Real Estate
The sale of the multifamily property at 352 East Eighth Street in South Boston, MA, was successfully negotiated by broker L. Jack Staley from Joyce Lebedew Real Estate. The property offers 1,636 square feet of space and was sold at a price of $663 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,854.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,143.45
Annual Debt Service$61,721.44
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