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873 E 2nd St, South Boston,...

$4.9M Multifamily Sale In Boston, MA With Buyer's Rep Craig Shames Esq. - Conway Commercial And Seller's Rep John Pentore - Horvath & Tremblay
SOLDMultiFamily

$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

John Pentore

Horvath & Tremblay

Broker

$584.1M

vol

101 deals

Broker

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

3.20%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93