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
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