Updated Dec 21, 2023
Stephen Scanlon Acquires Multifamily Property On E 8th St In South Boston For $1.085M
353 E 8th St, Columbus Park / Andrew Square, Boston, MA, USA
$1,085,000
$569/SF
Building Size
1,904 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
The multifamily property located at 353 E 8th St in South Boston, MA has been sold in a transaction that took place on May 17, 2021. The property spans 1,904 square feet and was sold for a price of $1,085,000, resulting in a price per square foot of $570.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,085,000
- Seller: Brian Lasoff
- Buyer: Stephen Scanlon
- Market: South Boston, MA
In this deal, Brian Lasoff acted as the seller and Stephen Scanlon as the buyer.
Players
South 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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93