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Raffaele Verrocchi Acquires South Boston Multifamily For $3.13M

Property Image
SOLD
$3,130,000

Massachusetts

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MultiFamily4,828 SF
Sold 03/03/2023
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Property Image
SOLD

Raffaele Verrocchi Acquires South Boston Multifamily For $3.13M

874 & 876 East Fourth Street

See Similar Deals
MultiFamily4,828 SF
Sold 03/03/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$648
Total Square Footage:4,828 SF
Transaction Type:Sale

The multifamily property located at 874 & 876 East Fourth Street in South Boston, MA has been sold in a recent transaction. The property consists of 4 units, and spans across 4,828 square feet. The sale price for this multifamily asset was $3,130,000, resulting in a price per unit (PPU) of $782,500 and a price per square foot (PPSF) of $648.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,130,000
  • Units: 4
  • Price Per Unit (PPU): $782,500
  • Square Footage: 4,828
  • Price Per Square Foot (PPSF): $648
  • Address: 874 & 876 East Fourth Street, South Boston, MA
  • Market: South Boston, MA

The buyer in this transaction is Raffaele Verrocchi, while the seller is Frank Gaide. The deal was facilitated by Lindsay Higgins from Classified Realty Group, who acted as the broker in the transaction.

Players

Lindsay Higgins
4 deals$7.1M volume(781) 789-2740
BROKER

Details

SOLD
IMAGE: Lindsay Higgins DATE: 03/03/2023 ADDRESS: 874 & 876 East Fourth Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER: Raffaele Verrocchi SELLER: Frank Gaide BROKER: Lindsay Higgins (@LeaveittoLindsay) - Classified Realty Group (@ClassifiedRlty) SALE PRICE: $3,130,000 UNITS: 4 ~ PPU: $782,500 SF: 4,828 ~ PPSF: $648

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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