Raffaele Verrocchi Acquires South Boston Multifamily For $3.13M

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.