Michael Sramowicz Purchases Multifamily Asset At 9 Shelby Street In East Boston For $1.65M

The property involved in the transaction is a multifamily asset located at 9 Shelby Street in the East Boston market. The sale price for the property was $1,650,000, consisting of a total of 6 units. The building has a total square footage of 6,660, resulting in a price per unit of $275,000 and a price per square foot of $247.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Units: 6
• Square Footage: 6,660
• Price Per Unit: $275,000
• Price Per Square Foot: $247
• Buyer: Michael Sramowicz
• Seller: James J. Stella
• Brokers: Francis Saenz, Jim Casey & Anthony Rakauskas - NorthEast Private Client Group

The transaction was facilitated by the brokers Francis Saenz, Jim Casey, and Anthony Rakauskas from NorthEast Private Client Group, representing the buyer and seller in this deal, ensuring that all aspects of the sale were managed effectively.