Updated Dec 21, 2023
Julie Faye Dandreo Acquires South Boston Retail Property For $1.45M
120-126 Emerson Street, South Boston, Boston, Massachusetts, USA
$1,450,000
$1,184/SF
Building Size
1,224 SF
Asset Type
Retail
Closing
Aug 9, 2021
About this deal
AI
The retail property located at 120-126 Emerson St in South Boston, MA has been sold in a closed transaction. The property spans approximately 1,224 square feet and was sold for a price of $1,450,000, resulting in a price per square foot of $1,185.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Buyer: Julie Faye Dandreo
- Seller: Carolyn B. Federico
- Address: 120-126 Emerson St, South Boston, MA
- Market: South Boston, MA
Julie Faye Dandreo acted as the buyer in this transaction, while Carolyn B. Federico served as the seller. The sale of this retail property marks a significant milestone in the local real estate market.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93