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
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