Updated Oct 28, 2024
703 E 2nd St Multifamily In South Boston, MA Sold For $1.95M By Seller Luke W. Fallon And Bought By 703 East Second Llc
703 E 2nd St, South Boston, Boston, MA, USA
$1,950,000
$637/SF
Building Size
3,060 SF
Asset Type
MultiFamily
Closing
Jun 14, 2021
About this deal
AI
The multifamily property located at 703 E 2nd St in South Boston, MA has been sold for $1,950,000. The property spans 3,060 square feet with a price per square foot of $637. It consists of 3 units, resulting in a price per unit of $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 703 E 2nd St, South Boston, MA
- Market: South Boston, MA
- Seller: Luke W. Fallon
- Buyer: 703 East Second Llc
- Square Footage: 3,060
- Price per Square Foot: $637
- Units: 3
- Price per Unit: $650,000
The seller of the property is Luke W. Fallon, while the buyer is 703 East Second Llc.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93