Updated Dec 20, 2023
Sahir Azam Acquires Multifamily Property In South Boston For $1.65M
409 E 7th St, South Boston, Boston, MA, USA
$1,650,000
$747/SF
Building Size
2,208 SF
Asset Type
MultiFamily
Closing
Jan 6, 2021
About this deal
AI
Sahir Azam has recently purchased a multifamily property located at 409 E 7th St in South Boston. The property was sold by Kyle Gambone for a price of $1,650,000. The property spans across 2,208 square feet, resulting in a price per square foot of $747.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 409 E 7th St, South Boston
- Square Footage: 2,208
- Buyer: Sahir Azam
- Seller: Kyle Gambone
This transaction showcases Sahir Azam's acquisition of the South Boston multifamily property from the seller, Kyle Gambone.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93