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Adam Burns & L. Jack Staley Facilitate $2.78M Sale Of South Boston Multifamily
SOLD
$2,780,000
Massachusetts
See Similar DealsMultiFamily3,168 SF
Sold 02/08/2024
SOLD
Adam Burns & L. Jack Staley Facilitate $2.78M Sale Of South Boston Multifamily
1430 Columbia Road
See Similar DealsMultiFamily3,168 SF
Sold 02/08/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$877
Total Square Footage:3,168 SF
Transaction Type:Sale
A multifamily property located at 1430 Columbia Road in South Boston, MA, was sold for $2,780,000. The transaction was brokered by Adam Burns of Burns Realty & Investments representing the buyer, and L. Jack Staley of Joyce Lebedew Real Estate representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,780,000
- Address: 1430 Columbia Road
- Market: South Boston, MA
- Square Footage: 3,168
- Price per Square Foot: $878
- Buyer's Representative: Adam Burns - Burns Realty & Investments
- Seller's Representative: L. Jack Staley - Joyce Lebedew Real Estate
The sale of the property at 1430 Columbia Road in South Boston, MA, for $2,780,000 involved the key individuals Adam Burns and L. Jack Staley, representing the buyer and seller, respectively. Burns Realty & Investments and Joyce Lebedew Real Estate were the agencies that facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,876.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,178.62
Annual Debt Service$158,143.42
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