Updated Oct 28, 2024
Eastburn Enterprise LLC Acquires Multifamily Property On 548 E 7th St, South Boston For $2.2M
548 E 7th St, South Boston, Boston, MA, USA
$2,200,000
$520/SF
Building Size
4,224 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
About this deal
AI
The multifamily property located at 548 E 7th St in South Boston, MA has been sold for a total price of $2,200,000. The property consists of 3 units, with an average price per unit of $733,333. It spans across a total area of 4,224 square feet, resulting in a price per square foot of $521.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 548 E 7th St
- Market: South Boston, MA
- Units: 3
- Price per Unit: $733,333
- Square Footage: 4,224
- Price per Square Foot: $521
The buyer of the property is Eastburn Enterprise Llc, while the seller is Daniel J. Coll.
Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93