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:
- 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.
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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93