John Collins Acquires MultiFamily Property At 744 East Fourth Street For $2.725M
744 East Fourth Street
$2,725,000
$488/SF
Building Size
5,579 SF
Asset Type
MultiFamily
Closing
Aug 7, 2025
AI
The property asset involved in the transaction is a MultiFamily unit located at 744 East Fourth Street in South Boston, MA. The sale was completed with a price of $2,725,000, comprising 4 units. The total square footage of the asset is 5,579, resulting in a price per unit of $681,250 and a price per square foot of $488.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,725,000
- Units: 4
- Square Feet: 5,579
- Price Per Unit: $681,250
- Price Per Square Foot: $488
- Buyer: John Collins
- Seller: Anthony Cassis
- Brokers: Ryan Quinn & John Federico - Grove Property Group
- Date of Transaction: 8/8/2025
This transaction involved key individuals in real estate, including buyer John Collins and seller Anthony Cassis. The brokers facilitating this deal were Ryan Quinn and John Federico from Grove Property Group, establishing a professional connection in the South Boston market.
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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93