Updated Dec 4, 2024
Trevor Wissink-Adams Facilitates $5,512,000 Sale Of Condo In Jamaica Plain
99 Williams Street
$5,512,000
Building Size
—
Asset Type
Development Site
Closing
Apr 3, 2024
About this deal
AI
The property located at 99 Williams Street in Jamaica Plain, MA, was recently sold for $5,512,000. It was a development site that featured a building with six units, including five 3-bed, 2-bath units and one 1-bed, 1-bath unit. The 3-bed units ranged from 1,213 - 1,255 sq ft and were sold for $949,000 - $1,015,000, while the 1-bed unit encompassed 591 sq ft and was sold for $549,000.
Summary of transaction details:
- Property Type: Development Site, Condos
- Transaction Amount: $5,512,000
- Address: 99 Williams Street
- Market: Jamaica Plain, MA
Trevor Wissink-Adams from Adams & Co represented the transaction as the broker. The building's architecture design included front porches offering views of Williams Street and rear decks for the top two floors. All units in the building were sold at list price, with four of the 3-bed units coming with parking included.
Players
Jamaica Plain Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93