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761 East Seventh Street

Multifamily Property In South Boston Sells For $1.9M
SOLDMultiFamily

Multifamily Property In South Boston Sells For $1.9M

761 East Seventh Street

$1,899,000

$583/SF

Building Size

3,252 SF

Asset Type

MultiFamily

Closing

Aug 16, 2023

AI

A multifamily property situated at 761 East Seventh Street in South Boston has been sold for $1,899,000. This property spans 3,252 square feet and has a price per square foot of $584.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,899,000
  • SF: 3,252
  • PPSF: $584
  • Address: 761 East Seventh Street, South Boston, MA

The sale was facilitated by Liping Huang of Peter Gee Associates, who acted as the buyer's representative. Representing the seller was Perry DiNatale of Perry Dinatale Realty.

NOTE: Liping Huang of Peter Gee Associates represented the buyer, while Perry DiNatale of Perry Dinatale Realty represented the seller in the transaction.

Players

Perry DiNatale

Broker

$8.1M

vol

4 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93