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
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