ELDEV Washington Purchases Development Site From Washington Alfa In Jamaica Plain For $2.125M
3326 Washington Street
$2,125,000
$172/SF
Building Size
12,304 SF
Asset Type
Development Site
Closing
Aug 2, 2024
AI
The development site located at 3326 Washington Street in Jamaica Plain, MA, was sold for $2,125,000. The property covers a total square footage of 12,304, with a price per square foot of $172. The building flexibility with a total built square footage of 35,273 translates to a price per built square foot of $60.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,125,000
- Address: 3326 Washington Street
- Market: Jamaica Plain, MA
- Buyer: ELDEV Washington
- Seller: Washington Alfa
- Brokers: Jonathan Bryant, Christopher Sower, Bruce Lusa, Kevin Jones, John Flaherty, Julie Regan & Mary VanNatta - Cushman & Wakefield
The transaction involved a combination of brokers from Cushman & Wakefield, highlighting the collaboration among Jonathan Bryant, Christopher Sower, Bruce Lusa, Kevin Jones, John Flaherty, Julie Regan, and Mary VanNatta. These individuals played key roles in facilitating the sale between ELDEV Washington and Washington Alfa.
Players
Jamaica Plain Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93