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Jean-Yves Roy Acquires Multifamily Property At 701 East Second Street For $4.025M

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SOLD
$4,025,000

Massachusetts

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MultiFamily5,268 SF
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Property Image
SOLD

Jean-Yves Roy Acquires Multifamily Property At 701 East Second Street For $4.025M

701 East Second Street

See Similar Deals
MultiFamily5,268 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$764
Total Square Footage:5268 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 701 East Second Street in South Boston, MA. The sale price was $4,025,000 for a total of 4 units. The property spans 5,268 square feet, resulting in a price per unit of $1,006,250 and a price per square foot of $764.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,025,000
  • Address: 701 East Second Street
  • Market: South Boston, MA
  • Units: 4
  • Square Footage: 5,268
  • Price Per Unit: $1,006,250
  • Price Per Square Foot: $764
  • Buyer: Jean-Yves Roy
  • Broker Representatives: Ryan Quinn & John Federico - Grove Property Group

The transaction was represented by brokers Ryan Quinn and John Federico from Grove Property Group, highlighting their role in facilitating the sale between the buyer, Jean-Yves Roy, and the previous property owners, thereby contributing to this successful deal in the South Boston market.

Players

John Federico
52 deals$174M volume(617) 812-9035
BROKER

Ryan Quinn
Grove Property Group
40 deals$135.8M volume(617) 285-9363
BROKER

Grove Property Group
BROKERAGE

Details

SOLD
IMAGE: Ryan Quinn & John Federico DATE: 9/10/2025 ADDRESS: 701 East Second Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER: Jean-Yves Roy BROKERS: Ryan Quinn (@_RyanQuinn) & John Federico - Grove Property Group (@GPGBoston) SALE PRICE: $4,025,000 UNITS: 4 ~ PPU: $1,006,250 SF: 5,268 ~ PPSF: $764

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,299.97
Cash-on-Cash Return-1.27%
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