Updated Dec 19, 2023
Mark Little Acquires Multifamily Property In South Boston For $2.6M
532 E 3rd St, South Boston, Boston, Massachusetts, USA
$2,600,000
$1,217/SF
Building Size
2,136 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
A multifamily property located at 532 E 3rd St in South Boston, MA has been sold for $2,600,000. The property consists of 3 units with an average price per unit of $866,667. Spanning across 2,136 square feet, the property has a price per square foot of $1,217.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 532 E 3rd St, South Boston, MA
- Market: South Boston, MA
- Units: 3
- Price Per Unit: $866,667
- Square Footage: 2,136
- Price Per Square Foot: $1,217
The buyer of this property is Mark Little, while Luigi E. Milone acted as the seller.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93