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119 L Street

Jacob Carlin Of JW Brokerage Sells South Boston Multifamily For $1.8M
SOLDMultiFamily

Jacob Carlin Of JW Brokerage Sells South Boston Multifamily For $1.8M

119 L Street

$1,800,000

$449/SF

Building Size

4,003 SF

Asset Type

MultiFamily

Closing

Mar 4, 2024

AI

A multifamily asset located at 119 L Street in South Boston, MA, was sold for $1.8 million. The transaction was facilitated by broker Jacob Carlin from JW Brokerage. The property spans 4,003 square feet and was sold at a price per square foot of $450.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 119 L Street
  • Market: South Boston, MA
  • Broker: Jacob Carlin - JW Brokerage

The sale of the multifamily asset at 119 L Street in South Boston was orchestrated by Jacob Carlin from JW Brokerage. The deal highlights the collaboration between the broker and the parties involved, showcasing the successful execution of the transaction in the South Boston market.

Players

Jacob Carlin

Broker

$8.3M

vol

4 deals

Broker

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93