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1430 Columbia Road

Adam Burns & L. Jack Staley Facilitate $2.78M Sale Of South Boston Multifamily
SOLDMultiFamily

Adam Burns & L. Jack Staley Facilitate $2.78M Sale Of South Boston Multifamily

1430 Columbia Road

$2,780,000

$877/SF

Building Size

3,168 SF

Asset Type

MultiFamily

Closing

Feb 8, 2024

AI

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:

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.

Players

Adam Burns

Burns Realty & Investments

Broker

$5.8M

vol

3 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

5.71%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93