Updated Oct 13, 2026
Allison Lok Purchases Multifamily Asset In South Boston For $1,566,000 With Grove Property Group
581 East Eighth Street
$1,566,000
$763/SF
Building Size
2,050 SF
Asset Type
MultiFamily
Closing
Oct 29, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily dwelling located at 581 East Eighth Street in South Boston, MA. The sale price was $1,566,000 for the asset, which encompasses 2 units and has a total square footage of 2,050. The price per unit is calculated at $783,000, while the price per square foot stands at $763.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,566,000
- Units: 2
- Price per Unit: $783,000
- Square Footage: 2,050
- Price per Square Foot: $763
- Buyer: Allison Lok
- Seller: Christina Odell
- Brokers: Ryan Quinn, Tyler Bates & John Federico - Grove Property Group
- Date of Transaction: 10/29/2026
This transaction was facilitated by Ryan Quinn, Tyler Bates, and John Federico of Grove Property Group, representing both sides of the deal, ensuring a smooth process between the buyer, Allison Lok, and seller, Christina Odell.
On the Map
$1,566,000
$763/SF
MultiFamily
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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
10.13%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93