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Terrier Real Estate At Compass Acquires Multifamily Property In South Boston For $3.1M

Property Image
SOLD
$3,100,000
Ryan Foley
Michael Sylvia
Kate Jacobi
+ 1

Massachusetts

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MultiFamily4,614 SF
Sold 09/21/2023
the dealplayerscompscontact
Property Image
SOLD

Terrier Real Estate At Compass Acquires Multifamily Property In South Boston For $3.1M

893 East Fourth Street

See Similar Deals
MultiFamily4,614 SF
Sold 09/21/2023
Ryan Foley
Michael Sylvia
Kate Jacobi
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$671
Total Square Footage:4,614 SF
Transaction Type:Sale

A multifamily property located at 893 East Fourth Street in South Boston, MA has been sold for $3,100,000. The property spans 4,614 square feet with a price per square foot of $672.

Summary of transaction details

Kate Jacobi, Keri Sylvia, and Michael Sylvia of Terrier Real Estate at Compass represented the buyer in this transaction. Ryan Foley of Greater Metropolitan Real Estate represented the seller.

Players

Ryan Foley
Greater Metropolitan Real Estate
Ryan Foley
14 deals$51.4M volume
BROKER
Michael Sylvia
Compass
Michael Sylvia
1 deal$3.1M volume(617) 212-1900
BROKER
Kate Jacobi
Compass
Kate Jacobi
1 deal$3.1M volume(508) 728-9023
BROKER
Keri Sylvia
Compass
Keri Sylvia
1 deal$3.1M volume(617) 997-2266
BROKER

Details

SOLD
IMAGE: Kate Jacobi, Keri Sylvia, Michael Sylvia & Ryan Foley DATE: 09/21/2023 ADDRESS: 893 East Fourth Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Kate Jacobi, Keri Sylvia (@SpandexandSundresses) & Michael Sylvia (@MikeSylvia15) - Terrier Real Estate at Compass (@TerrierRealEstate) SELLER'S REP: Ryan Foley - Greater Metropolitan Real Estate (@GMREBoston) SALE PRICE: $3,100,000 SF: 4,614 ~ PPSF: $672 NOTE: Multifamily property at 893 East Fourth Street, South Boston, MA sold for $3,100,000 ($672 PPSF). Kate Jacobi, Keri Sylvia, and Michael Sylvia of Terrier Real Estate at Compass represented the buyer and Ryan Foley of Greater Metropolitan Real Estate represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98