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616 East Sixth Street

Multifamily Property In South Boston, MA Sold For $2.1M With Buyer's Rep Dylan Costello & Seller's Rep John Pentore
SOLDMultiFamily

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

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.

Players

Dylan Costello

Coldwell Banker

Broker

$17.6M

vol

8 deals

Broker

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