Updated Oct 28, 2024
Boston Pinnacle Prop Acquires Multifamily Property In South Boston For $1.4M
415 E 7th St, South Boston, Boston, MA, USA
$1,400,000
$598/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
Aug 10, 2021
About this deal
AI
The multifamily property located at 415 E 7th St in South Boston, MA has been sold in a recent transaction. The property covers an area of approximately 2,340 square feet, and the sale price amounted to $1,400,000, resulting in a price per square foot of $598.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 415 E 7th St, South Boston, MA
- Market: South Boston, MA
The seller of the property was 415e 7th Street Llc, while Boston Pinnacle Prop Llc acted as the buyer in this transaction.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93