Updated Oct 19, 2026
Yankee Line Inc Acquires Multifamily Property In South Boston For $23.5M
571 E 1st St Boston, MA 02127, USA
$23,500,000
$271/SF
Building Size
86,551 SF
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
A multifamily property located at 571 East First Street in South Boston, MA has been sold in a recent transaction. The property spans 86,551 square feet and was sold for a total price of $23,500,000, resulting in a price per square foot of $272.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,500,000
- Address: 571 East First Street, South Boston, MA
- Market: South Boston, MA
The buyer of the property is Yankee Line Inc, while the seller is Twenty Lakes Holding. Cushman & Wakefield represented the seller, with Bruce Lusa, John Flaherty, Christopher Sower, Jonathan Bryant, Kevin Jones, Julie Regan, and Mary VanNatta acting as the seller's representatives in the deal.
On the Map
$23,500,000
$271/SF
MultiFamily
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Players
Market 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93