Rooney Real Estate Acquires Multifamily Property In Boston, MA For $1.8M
SOLD
$1,800,000
Massachusetts
See Similar DealsMultiFamily3,400 SF
Sold 04/09/2021
SOLD
Rooney Real Estate Acquires Multifamily Property In Boston, MA For $1.8M
1556 Columbia Rd, Boston, Massachusetts, USA
See Similar DealsMultiFamily3,400 SF
Sold 04/09/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$529
Total Square Footage:3,400 SF
Transaction Type:Sale
Located at 1556-1558 Columbia Rd in Boston, MA, this multifamily property was recently sold. The transaction took place on April 9, 2021, with a sale price of $1,800,000. The property spans 3,400 square feet, resulting in a price per square foot of $529.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Date: April 9, 2021
- Address: 1556-1558 Columbia Rd, Boston, MA
- Seller's Representative: Dan Cardinale - P Daniel Realty
- Buyer's Representative: Jackie Rooney Team - Rooney Real Estate, LLC
Dan Cardinale from P Daniel Realty represented the seller in this transaction, while the buyer was represented by the Jackie Rooney Team from Rooney Real Estate, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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