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466 East Seventh Street

Updated Sep 8, 2026

Steve Brier Purchases MultiFamily Asset In South Boston For $1,910,000 With Brokers Ryan Quinn, John Federico & Tyler Bates
SOLDMultiFamily

Steve Brier Purchases MultiFamily Asset In South Boston For $1,910,000 With Brokers Ryan Quinn, John Federico & Tyler Bates

466 East Seventh Street

$1,910,000

$544/SF

Building Size

3,508 SF

Asset Type

MultiFamily

Closing

Aug 14, 2026

About this deal

AI

The asset involved in this transaction is a multifamily property located at 466 East Seventh Street in South Boston, MA. The sale price for this property was $1,910,000, which breaks down to $955,000 per unit for the 2 units available. The total square footage of the property is 3,508, resulting in a price per square foot of $544.

Summary of transaction details:

The transaction involved key individuals, including buyer Steve Brier and the brokerage team from Grove Property Group, which consisted of Ryan Quinn, John Federico, and Tyler Bates. This group facilitated the sale of the property, representing the interests of the buyer throughout the transaction.

Players

John Federico

Grove Property Group

Broker

$195.6M

vol

56 deals

Broker

Steve Brier

Buyer

$1.9M

vol

1 deal

Buyer

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $544 per square foot on a published $1.9M for 3,508 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.31%

Cash-on-Cash

-2.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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