facebook
Traded Co logo
Submit

Rita O'Brien Sells Multifamily Property In South Boston For $1.65M

Property Image
SOLD
$1,650,000

Massachusetts

See Similar Deals
MultiFamily4,381 SF
Sold 05/31/2024
the dealplayerscompscontact
Property Image
SOLD

Rita O'Brien Sells Multifamily Property In South Boston For $1.65M

853-855 East First Street

See Similar Deals
MultiFamily4,381 SF
Sold 05/31/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$376
Total Square Footage:4,381 SF
Transaction Type:Sale

The multifamily property located at 853-855 East First Street in South Boston, MA, was sold for $1,650,000. The property comprises 3 units with a total square footage of 4,381 square feet, resulting in a price per unit of $550,000 and a price per square foot of $377.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 3
  • Square Footage: 4,381 SF
  • Price per Unit: $550,000
  • Price per Square Foot: $377
  • Address: 853-855 East First Street, South Boston, MA
  • Market: South Boston, MA
  • Seller: Rita O'Brien
  • Brokers: Ryan Quinn & John Federico - Grove Property Group

Ryan Quinn and John Federico of Grove Property Group represented the parties involved in this transaction, facilitating the successful sale of the multifamily property. Their expertise and negotiation skills played a crucial role in finalizing the deal.

Players

John Federico
53 deals$178.3M volume(617) 812-9035
BROKER

Ryan Quinn
Grove Property Group
41 deals$140M volume(617) 285-9363
BROKER

Details

SOLD
IMAGE: Ryan Quinn, John Federico DATE: 05/31/2024 ADDRESS: 853-855 East First Street MARKET: South Boston, MA ASSET TYPE: Multifamily SELLER: Rita O'Brien BROKERS: Ryan Quinn (@_RyanQuinn) & John Federico (@GPGBoston) - Grove Property Group (@GPGBoston) SALE PRICE: $1,650,000 UNITS: 3 ~ PPU: $550,000 SF: 4,381 ~ PPSF: $377

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10