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Rooney Real Estate, LLC Sells South Boston Multifamily For $2M

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SOLD
$2,000,000

Massachusetts

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MultiFamily2,700 SF
Sold 07/09/2020
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Property Image
SOLD

Rooney Real Estate, LLC Sells South Boston Multifamily For $2M

162 O Street, South Boston, Boston, MA, USA

See Similar Deals
MultiFamily2,700 SF
Sold 07/09/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$740
Total Square Footage:2,700 SF
Transaction Type:Sale

Located in South Boston, the multifamily property at 162 O Street has recently been sold for a price of $2,000,000. This property spans across 2,700 square feet, resulting in a price per square foot of $740. The sale of this asset took place on July 9, 2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Square Footage: 2,700
  • Price Per Square Foot: $740
  • Address: 162 O Street, South Boston
  • Market: South Boston

The sale of this multifamily property was facilitated by Jackie Rooney from Rooney Real Estate, LLC, who represented the buyer and seller during the transaction.

Players

Jackie Rooney
13 deals$22M volume
BROKER

Details

SOLD
IMAGE: Jackie Rooney DATE: 07/09/2020 ADDRESS: 162 O Street MARKET: South Boston ASSET TYPE: Multifamily SALE PRICE: $2,000,000 SF: 2,700 PPSF: $740 BROKER: Jackie Rooney - Rooney Real Estate, LLC

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24