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428 East 5th Street, Boston...

John Federico & Paul Colleary Acquire Multifamily Property In Boston, MA For $1.75M
SOLDMultiFamily

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

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker
Greater Metropolitan Real Estate
Greater Metropolitan Real EstateBrokerage

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