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881 East Fourth Street

Stacey Byrant Of Redfin Represents Buyer In $2.6M South Boston Multifamily Sale
SOLDMultiFamily

Stacey Byrant Of Redfin Represents Buyer In $2.6M South Boston Multifamily Sale

881 East Fourth Street

$2,600,000

$590/SF

Building Size

4,404 SF

Asset Type

MultiFamily

Closing

May 7, 2024

AI

A three-family home at 881 E 4th St, Boston, MA, sold for $2,600,000, featuring nine bedrooms and three baths across 4,404 sq ft.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Units: 3
  • Price Per Unit: $866,667
  • Square Footage: 4,404
  • Price Per Square Foot: $590
  • Address: 881 East Fourth Street
  • Market: South Boston, MA

Stacey Bryant from Redfin represented the buyer in this transaction, while The Maguire Group from Compass acted as the seller's representative.

Players

Stacey Bryant

Redfin

Broker

$3.8M

vol

2 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93