Updated Sep 9, 2024
Alp Kantar Acquires Multifamily Property In South Boston For $1.9M
74 Marine Road
$1,900,000
$345/SF
Building Size
5,502 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
About this deal
AI
A multifamily property located at 74 Marine Road in South Boston, MA has been sold in a recent transaction. The property consists of 3 units with a total square footage of 5,502. The sale price for the property was $1,900,000, resulting in an average price per unit of $633,333 and a price per square foot of $345.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 74 Marine Road, South Boston, MA
- Units: 3
- Price per Unit: $633,333
- Square Footage: 5,502
- Price per Square Foot: $345
Alp Kantar has purchased the property from Leo Bonanno. The transaction was facilitated by Ryan Quinn & John Federico of Grove Property Group acting as the brokers.
Players
Market 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93