Updated Sep 8, 2026
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:
- Property Type: MultiFamily
- Transaction Amount: $1,910,000
- Units: 2
- Price Per Unit: $955,000
- Total Square Footage: 3,508
- Price Per Square Foot: $544
- Buyer: Steve Brier
- Brokers: Ryan Quinn, John Federico & Tyler Bates - Grove Property Group
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
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
8.31%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93