Updated Dec 4, 2024
Multifamily Property In South Boston, MA Sold For $1.65M With Buyer's Rep Lucas Garofalo & Seller's Rep Sue Brideau
673 East Sixth Street
$1,650,000
$557/SF
Building Size
2,961 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
A multifamily property in South Boston, MA, located at 673 East Sixth Street, has been successfully sold for $1,650,000. The property spans a total area of 2,961 square feet, resulting in a price per square foot (PPSF) of $557.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Square Feet: 2,961
- Price per Square Foot (PPSF): $557
- Address: 673 East Sixth Street, South Boston, MA
- Market: South Boston, MA
The sale was facilitated by Lucas Garofalo from Keller Williams Boston-Metro, who represented the buyer. On the other side, Sue Brideau from Insight Realty Group represented the seller in this transaction. Their expertise played a crucial role in the successful completion of the deal.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93