Aranson Maguire Group Acquires Multifamily Property In Boston For $2.27M
737 East Seventh Street, South Boston Naval Annex, Massachusetts 02127, United States
$2,275,000
$568/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
AI
The multifamily property located at 737 E 7th St, Boston, MA has been sold for a total price of $2,275,000. The property spans a total area of 4,000 square feet, resulting in a price per square foot of $569.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,275,000
- Address: 737 E 7th St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Aranson Maguire Group - Compass
- Seller's Rep: Jacob Carlin
- SF: 4,000
- PPSF: $569
The buyer's representative in this transaction was the Aranson Maguire Group from Compass, while the seller was represented by Jacob Carlin.
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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93