Updated Oct 28, 2024
Nitish Nahata & Mneesha Nahata Acquire Multifamily Property In South Boston, MA For $2.38M
568 E 6th St, South Boston, Boston, MA, USA
$2,380,000
$695/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Jul 30, 2021
About this deal
AI
A multifamily property located at 568 E 6th St in South Boston, MA has been sold for a price of $2,380,000. The property spans across 3,420 square feet, resulting in a price per square foot of $696. It comprises a total of 3 units, with an average price per unit of $793,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,380,000
- Address: 568 E 6th St, South Boston, MA
- Market: South Boston, MA
The seller of the property was Csp Coastal Venures Llc, while the buyer was Nitish Nahata & Mneesha Nahata.
NOTE: No additional details about the transaction were provided.
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
6.67%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93