Updated Dec 4, 2024
Multifamily Property In South Boston Sells For $1.085M With Broker L. Jack Staley
352 East Eighth Street
$1,085,000
$663/SF
Building Size
1,636 SF
Asset Type
MultiFamily
Closing
Jan 4, 2024
About this deal
AI
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.
On the Map
$1,085,000
$663/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93