Sarah Rodewald & Elizabeth Sampson Facilitate $1.1M Sale Of South Boston Multifamily
613 East Second Street
$1,100,000
$641/SF
Building Size
1,716 SF
Asset Type
MultiFamily
Closing
Jun 3, 2024
AI
A three-family property located at 613 E 2nd St in Boston, MA, was sold for $1,100,000, presenting an excellent investment opportunity in Southie's prime location, conveniently situated between the Seaport and East Broadway. The property consists of 3 units with a total square footage of 1,716 square feet, resulting in a price per unit of $366,667 and a price per square foot of $641.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 3
- Price per Unit: $366,667
- Square Footage: 1,716
- Price per Square Foot: $641
- Address: 613 East Second Street, South Boston, MA
- Market: South Boston, MA
- Buyer's Rep: Sarah Rodewald - SR Realty
- Seller's Rep: Elizabeth Sampson - Burns Realty & Investments
Sarah Rodewald represented the buyer in this transaction through SR Realty, while Elizabeth Sampson from Burns Realty & Investments served as the seller's representative. The deal was successfully closed on 06/03/2024, marking a significant transaction in the South Boston real estate market.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93