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581 East Eighth Street

Updated Oct 13, 2026

Allison Lok Purchases Multifamily Asset In South Boston For $1,566,000 With Grove Property Group
SOLDMultiFamily

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:

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

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$1,566,000

$763/SF

MultiFamily

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Players

John Federico

Grove Property Group

Broker

$195.6M

vol

56 deals

Broker

Allison Lok

Buyer

$1.6M

vol

1 deal

Buyer

Christina Odell

Seller

$1.6M

vol

1 deal

Seller

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $763 per square foot on a published $1.6M for 2,050 square feet (2026).

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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

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