Jackie Rooney Of Rooney Real Estate Represents Buyer In $2.63M South Boston Multifamily Sale
737 East Seventh Street
$2,625,000
$807/SF
Building Size
3,249 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
AI
A multifamily property located at 737 East Seventh Street in South Boston, MA, was sold for $2,625,000. The asset comprises 3 units within a total square footage of 3,249 and offers a price per unit of $875,000 and a price per square foot of $808. The property features a total of 8 bedrooms, 6.5 bathrooms, and includes modern amenities such as updated kitchens, hardwood floors, in-unit laundry facilities, central air conditioning, and private outdoor space.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,625,000
- Units: 3
- Price per Unit: $875,000
- Square Footage: 3,249
- Price per Square Foot: $808
Jackie Rooney from Rooney Real Estate represented the buyer in this transaction, while the seller was represented by The Maguire Group from Compass. The transaction highlights the involvement of these real estate professionals 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93