Updated Dec 4, 2024
Multifamily Property In South Boston, MA Sold For $2.1M With Buyer's Rep Dylan Costello & Seller's Rep John Pentore
616 East Sixth Street
$2,135,000
$583/SF
Building Size
3,658 SF
Asset Type
MultiFamily
Closing
Sep 20, 2023
About this deal
AI
A multifamily property located at 616 East Sixth Street in South Boston, MA has been sold for a total price of $2,135,000. This property offers a total area of 3,658 square feet, resulting in a price per square foot of $584.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,135,000
- Address: 616 East Sixth Street, South Boston, MA
- Market: South Boston, MA
Dylan Costello of Coldwell Banker represented the buyer in this transaction, while John Pentore of Horvath & Tremblay represented the seller. Both brokers played a vital role in negotiating the terms of the deal, ensuring a successful transaction for both parties involved.
On the Map
$2,135,000
$583/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
7.43%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93