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737 East Seventh Street

Jackie Rooney Of Rooney Real Estate Represents Buyer In $2.63M South Boston Multifamily Sale
SOLDMultiFamily

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

Jackie Rooney

Rooney Real Estate

Broker

$22M

vol

13 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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