facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

116 Marine Road

Multifamily Home In South Boston Sells For $2.4M With Jackie Rooney As The Broker
SOLDMultiFamily

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

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:

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

Jackie Rooney

Rooney Real Estate

Broker

$22M

vol

13 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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