Updated Sep 9, 2024
Eleanor Milan Sells South Boston Multifamily For $1.5M With Grove Property Group
910 E 4th St Boston, MA 02127, USA
$1,500,000
$304/SF
Building Size
4,922 SF
Asset Type
MultiFamily
Closing
Jul 18, 2023
About this deal
AI
The multifamily property located at 910 East Fourth Street in South Boston, MA has been sold for a total of $1,500,000. The property consists of 3 units, with an average price per unit of $500,000. The total square footage of the property is 4,922, resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Price per Unit: $500,000
- Square Footage: 4,922
- Price per Square Foot: $305
- Address: 910 East Fourth Street, South Boston, MA
The seller of the property is Eleanor Milan. The transaction was facilitated by John Federico and Ryan Quinn of Grove Property Group, who served as the brokers in the deal.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93