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
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