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613 East Second Street

Sarah Rodewald & Elizabeth Sampson Facilitate $1.1M Sale Of South Boston Multifamily
SOLDMultiFamily

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

Elizabeth Sampson

Burns Realty & Investments

Broker

$2.2M

vol

2 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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