Updated Dec 4, 2024
Compass Represents Buyer And Law Office Of Paul J. Gannon Represents Seller In $1.5M South Boston Multifamily Sale
767 East Broadway
$1,500,000
$615/SF
Building Size
2,438 SF
Asset Type
MultiFamily
Closing
Nov 2, 2023
About this deal
AI
In South Boston, MA, a multifamily property at 767 East Broadway was successfully transacted for $1.5 million. The property spans 2,438 square feet and has a price per square foot of $615.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 767 East Broadway, South Boston, MA
John Ivanoff of Compass represented the buyer in this transaction, while Paul Gannon of the Law Office of Paul J. Gannon represented the seller.
Note: John Ivanoff of Compass acted as the buyer's representative and Paul Gannon of the Law Office of Paul J. Gannon acted as the seller's representative in the sale of the multifamily property at 767 East Broadway in South Boston, MA for $1.5 million.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93