Rooney Real Estate, LLC Sells South Boston Multifamily For $2M
SOLD
$2,000,000
Massachusetts
See Similar DealsMultiFamily2,700 SF
Sold 07/09/2020
SOLD
Rooney Real Estate, LLC Sells South Boston Multifamily For $2M
162 O Street, South Boston, Boston, MA, USA
See Similar DealsMultiFamily2,700 SF
Sold 07/09/2020
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.
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Deal Type
30 years
10 years
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
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