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

Property Image
SOLD
$2,375,000

Massachusetts

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MultiFamily3,135 SF
Sold 08/28/2024
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Property Image
SOLD

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

204 I Street

See Similar Deals
MultiFamily3,135 SF
Sold 08/28/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$757
Total Square Footage:3,135 SF
Transaction Type:Sale

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
13 deals$22M volume
BROKER

Details

SOLD
IMAGE: Jackie Rooney DATE: 08/28/2024 ADDRESS: 204 I Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Jackie Rooney - Rooney Real Estate SELLER'S REP: The Maguire Group - Compass (@Compass) SALE PRICE: $2,375,000 SF: 3,135 ~ PPSF: $758 NOTE: Newly constructed South Boston multifamily property sold for $2.375M, featuring 6 beds and 6 baths across multiple units with a $758/sqft price. Each unit offers 2 beds, 2 baths, and high-end finishes, including waterfront views, modern kitchens, and private storage, ideal for seaside living.

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

$126,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
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