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397 West Fourth Street

Mario Signore Acquires Multifamily Property In South Boston For $4.25M With Brokers Ryan Quinn & John Federico
SOLDMultiFamily

Mario Signore Acquires Multifamily Property In South Boston For $4.25M With Brokers Ryan Quinn & John Federico

397 West Fourth Street

$4,250,000

$554/SF

Building Size

7,660 SF

Asset Type

MultiFamily

Closing

Mar 17, 2026

AI

The property asset involved in this transaction is a multifamily building located at 397 West Fourth Street in South Boston, MA. This multifamily asset, consisting of 4 units, has a sale price of $4,250,000, which translates to a price per unit of $1,062,500. The total square footage of the building is 7,660, resulting in a price per square foot of $554.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Address: 397 West Fourth Street
  • Market: South Boston, MA
  • Units: 4
  • Price Per Unit: $1,062,500
  • Square Footage: 7,660
  • Price Per Square Foot: $554
  • Buyer: Mario Signore
  • Brokers: Ryan Quinn & John Federico - Grove Property Group

Key individuals in this transaction include Mario Signore, the buyer, along with the brokerage team of Ryan Quinn and John Federico, who represent the buyer in this deal under the Grove Property Group agency.

Players

John Federico

Grove Property Group

Broker

$189.6M

vol

54 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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93