Updated Dec 20, 2023
Luke Ferdinands & Lauren Degenaro Acquire Multifamily Property In South Boston, MA For $1.9M
397 K St, South Boston, Boston, Massachusetts, USA
$1,900,000
$848/SF
Building Size
2,239 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A multifamily property located at 397 K St in South Boston, MA has been sold for $1,900,000. The property consists of 3 units with a total area of 2,239 square feet. The price per unit is approximately $633,333 and the price per square foot is around $849.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 397 K St, South Boston, MA
- Market: South Boston, MA
- Buyer: Luke Ferdinands & Lauren Degenaro
- Seller: Justin Hayward
- Units: 3
- Price Per Unit: $633,333
- Total Area: 2,239 square feet
- Price Per Square Foot: $849
The buyer of the property is Luke Ferdinands and Lauren Degenaro, while the seller is Justin Hayward.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93