Updated Sep 9, 2024
Horvath & Tremblay Brokers Facilitate $3.2M Multifamily Sale In Boston
870 East Fifth Street
$3,200,000
$543/SF
Building Size
5,893 SF
Asset Type
MultiFamily
Closing
Oct 21, 2022
About this deal
AI
The multifamily property located at 870 E 5th Street in Boston, MA has been sold in a recent transaction. The property consists of 3 units with a total square footage of 5,893. The sale price for this transaction was $3,200,000, resulting in a price per unit of $1,066,667 and a price per square foot of $543.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,200,000
- Units: 3
- Price per Unit: $1,066,667
- Total Square Footage: 5,893
- Price per Square Foot: $543
- Address: 870 E 5th Street, Boston, MA
The sale of this multifamily property was facilitated by brokers John Pentore and Dennis Kelleher from Horvath & Tremblay.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93