Updated Dec 4, 2024
Multifamily Home In South Boston Sells For $2.4M With Jackie Rooney As The Broker
116 Marine Road
$2,400,000
$702/SF
Building Size
3,416 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
About this deal
AI
A three-family home located at 116 Marine Road in Boston, MA, sold for $2.4 million. The property encompasses 3,416 square feet and features 7 bedrooms and 6.5 baths across its three units. Built in 1905, it was renovated in 2015 and was sold at a price per square foot of $703.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 3
- Price Per Unit: $800,000
- Square Footage: 3,416
- Price Per Square Foot: $703
- Broker: Jackie Rooney - Rooney Real Estate
This transaction reflects the representation of Jackie Rooney from Rooney Real Estate, who acted as the broker in this sale, facilitating the exchange between parties in this multifamily property deal.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $702 per square foot on a published $2.4M for 3,416 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93