Access Represents Buyer In $1.6M Multifamily Sale On Emmons Street, East Boston MA
8 Emmons Street
$1,600,000
$388/SF
Building Size
4,116 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
A multifamily property located at 8 Emmons Street in East Boston, MA recently changed hands in a closed transaction. The property spans 4,116 square feet and was sold for a total price of $1,600,000, resulting in a price per square foot of $389. Patrick Fahey from Access represented the buyer, while Thomas (Tom) Mario from CENTURY 21 Mario Real Estate represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Square Footage: 4,116
- Price per Square Foot: $389
- Address: 8 Emmons Street, East Boston, MA
- Market: East Boston, MA
This acquisition marks the successful sale of the multifamily property at 8 Emmons Street. Patrick Fahey, a representative from Access, worked alongside the buyer to finalize the transaction, while Thomas (Tom) Mario, representing CENTURY 21 Mario Real Estate, supported the seller throughout the process. The sale price of $1,600,000 reflects the value of the property and the negotiations between the parties involved.
Players
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93