Rooney Real Estate Acquires Multifamily Property In Boston For $2M
SOLD
$2,000,000
Massachusetts
See Similar DealsMultiFamily2,850 SF
Sold 11/24/2021
SOLD
Rooney Real Estate Acquires Multifamily Property In Boston For $2M
174 W 7th St, South Boston, MA 02127
See Similar DealsMultiFamily2,850 SF
Sold 11/24/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$701
Total Square Footage:2,850 SF
Transaction Type:Sale
A multifamily property located at 174 W 7th St in Boston, MA has been sold for a price of $2,000,000. The property spans 2,850 square feet, resulting in a price per square foot of $702.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Square Footage: 2,850
- Price per Square Foot: $702
The sale was facilitated 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)
$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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