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
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