facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

88 Draper Street

Justin Hayward & Jackie Rooney Complete $1.1M Sale Of Multifamily Property In Boston
SOLDMultiFamily

Justin Hayward & Jackie Rooney Complete $1.1M Sale Of Multifamily Property In Boston

88 Draper Street

$1,100,000

$250/SF

Building Size

4,389 SF

Asset Type

MultiFamily

Closing

Mar 12, 2024

AI

88 Draper St in Boston, MA sold for $1.1 million, featuring a well-maintained and professionally managed three-family property with updated kitchens, baths, and systems, offering a solid investment opportunity with potential for additional living space in the basement and amenities such as tandem parking, an oversized yard, and front decks.

Summary of transation details:

The deal was facilitated by Justin Hayward of Commonwealth Standard Realty Advisors representing the buyer, and Jackie Rooney of Rooney Real Estate representing the seller, ensuring a smooth transaction for both parties involved in the property sale.

Players

Jackie Rooney

Rooney Real Estate

Broker

$22M

vol

13 deals

Broker

Dorchester 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93