John Federico & Paul Colleary Acquire Multifamily Property In Boston, MA For $1.75M
428 East 5th Street, Boston, Massachusetts, USA
$1,755,000
$420/SF
Building Size
4,173 SF
Asset Type
MultiFamily
Closing
Feb 10, 2021
AI
The multifamily property located at 428 E 5th Street in Boston, MA was sold on 02/11/2021 for a price of $1,755,000. The property spans a total of 4,173 square feet, resulting in a price per square foot of $421.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,755,000
- Address: 428 E 5th Street
- Market: Boston, MA
The sale of this multifamily property was facilitated by Paul Colleary from Dream Realty, representing the seller, and John Federico from Greater Metropolitan R. E., representing the buyer.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.04%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93