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744 East Fourth Street

John Collins Acquires MultiFamily Property At 744 East Fourth Street For $2.725M
SOLDMultiFamily

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

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker
Grove Property Group
Grove Property GroupBrokerage
John Collins

John Collins

Buyer

$10.6M

vol

4 deals

Buyer

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