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681 East Second Street

Multifamily Property Sold In South Boston By Jing Zheng & Andrea Petrino For $1.1M
SOLDMultiFamily

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

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.

Players

Jing Zheng

Keller Williams Realty

Broker

$15.8M

vol

10 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93