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
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