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543 E 7th St, South Boston,...

Joseph F. Holland Acquires Multifamily Property In South Boston For $1.4M
SOLDMultiFamily

Joseph F. Holland Acquires Multifamily Property In South Boston For $1.4M

543 E 7th St, South Boston, Boston, MA, USA

$1,400,000

$430/SF

Building Size

3,249 SF

Asset Type

MultiFamily

Closing

Sep 14, 2021

AI

A multifamily property located at 543 E 7th St in South Boston, MA was recently sold for $1,400,000. The property consists of 3 units with an average price per unit of $466,667. The total square footage of the property is 3,249, resulting in a price per square foot of $431.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 543 E 7th St, South Boston, MA
  • Market: South Boston, MA
  • Buyer: Joseph F. Holland
  • Seller: Patricia A. Smith & Margaret S. Brady
  • Units: 3
  • Average Price Per Unit: $466,667
  • Square Footage: 3,249
  • Price Per Square Foot: $431

Joseph F. Holland was the buyer in this transaction, while Patricia A. Smith & Margaret S. Brady were the sellers. The sale took place on 09/15/2021 in the South Boston market.

Players

Patricia A. Smith

Seller

$11.7M

vol

2 deals

Seller

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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93