Updated Dec 4, 2024
Multifamily Property Sold In South Boston By Jing Zheng & Andrea Petrino For $1.1M
681 East Second Street
$1,100,000
$444/SF
Building Size
2,474 SF
Asset Type
MultiFamily
Closing
Feb 9, 2024
About this deal
AI
A multifamily property at 681 East Second Street in South Boston, MA, with a size of 2,474 square feet, was successfully sold for $1,100,000. Jing Zheng of Keller Williams served as the buyer's representative, while Andrea Petrino of RPR acted as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 681 East Second Street
- Market: South Boston, MA
- Price per Square Foot: $445
- Buyer's Rep: Jing Zheng - Keller Williams
- Seller's Rep: Andrea Petrino - RPR
The transaction also involved key individuals in the deal, with Jing Zheng representing the buyer under Keller Williams and Andrea Petrino representing the seller under RPR.
On the Map
$1,100,000
$444/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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93