$4.9M Multifamily Sale In Boston, MA With Buyer's Rep Craig Shames Esq. - Conway Commercial And Seller's Rep John Pentore - Horvath & Tremblay
873 E 2nd St, South Boston, Massachusetts 02127, United States
$4,962,500
$667/SF
Building Size
7,440 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
AI
A multifamily property located at 873-875 E 2nd in Boston, MA was recently sold for a total transaction amount of $4,962,500. The property spans a total of 7,440 square feet, resulting in a price per square foot of $667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,962,500
- Address: 873-875 E 2nd, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Craig Shames Esq. - Conway Commercial
- Seller's Representative: John Pentore - Horvath & Tremblay
Craig Shames Esq. from Conway Commercial represented the buyer in the transaction, while John Pentore from Horvath & Tremblay represented the seller. The deal was finalized on 08/26/2022.
Players
South 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
3.20%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93