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:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 3
- Price Per Unit: $366,667
- Square Footage: 4,389
- Price Per Square Foot: $251
- Address: 88 Draper Street, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Justin Hayward - Commonwealth Standard Realty Advisors
- Seller's Rep: Jackie Rooney - Rooney Real Estate
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
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