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204 I Street

Jackie Rooney Of Rooney Real Estate Represents Buyer In $2.375M South Boston Multifamily Sale
SOLDMultiFamily

Jackie Rooney Of Rooney Real Estate Represents Buyer In $2.375M South Boston Multifamily Sale

204 I Street

$2,375,000

$757/SF

Building Size

3,135 SF

Asset Type

MultiFamily

Closing

Aug 28, 2024

AI

The multifamily property at 204 I Street, South Boston, MA, has been sold for $2,375,000. The asset spans 3,135 square feet, yielding a price per square foot of $758. The newly constructed building includes 6 beds and 6 baths distributed across multiple units, featuring high-end finishes and waterfront views. Each unit is comprised of 2 beds and 2 baths, along with modern kitchens and private storage, catering to seaside living.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,375,000
  • Square Footage: 3,135
  • Price per Square Foot: $758
  • Address: 204 I Street
  • Market: South Boston, MA
  • Buyer's Representative: Jackie Rooney - Rooney Real Estate
  • Seller's Representative: The Maguire Group - Compass

Jackie Rooney from Rooney Real Estate represented the buyer in this transaction, while The Maguire Group from Compass represented the seller. This deal reflects the dynamics of the South Boston real estate market and highlights the involvement of key brokerage firms in facilitating the sale.

Players

Jackie Rooney

Rooney Real Estate

Broker

$22M

vol

13 deals

Broker

South 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

6.68%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93