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8 Emmons Street

Access Represents Buyer In $1.6M Multifamily Sale On Emmons Street, East Boston MA
SOLDMultiFamily

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

Thomas Mario

Century 21

Broker

$5.4M

vol

3 deals

Broker

East 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93