Updated Dec 21, 2023
EliteRealty Advisors Acquires Multifamily Property In Boston For $2.15M
817 East Broadway, South Boston Naval Annex, Massachusetts 02127, United States
$2,150,000
$629/SF
Building Size
3,417 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
About this deal
AI
The multifamily property located at 817 E Broadway in Boston, MA was recently sold for $2,150,000. The property spans across 3,417 square feet, resulting in a price per square foot of $629.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Square Footage: 3,417
- Price per Square Foot: $629
- Address: 817 E Broadway, Boston, MA
- Market: Boston, MA
Theresa Goodwin from EliteRealty Advisors represented the buyer in the transaction, while Pedro Cordano from Century 21 North East acted as the seller's representative.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93