Rooney Real Estate Acquires Multifamily Property In Boston, MA For $1.8M
1556 Columbia Rd, Boston, Massachusetts, USA
$1,800,000
$529/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
AI
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.
Players
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