Updated Oct 29, 2026
SOLDDevelopment Site
Planning Office For Urban Affairs & JGE Development Acquire Development Site In Mattapan For $8.7M
1590 Blue Hill Avenue
$8,700,000
Building Size
—
Asset Type
Development Site
Closing
Oct 27, 2026
About this deal
AI
A 1.63-acre development site located at 1590 Blue Hill Avenue in Mattapan, MA, was sold for a price of $8,700,000. The asset is positioned in a market with potential growth opportunities for future development projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,700,000
- Address: 1590 Blue Hill Avenue
- Market: Mattapan, MA
- Acres: 1.63
- Buyer: Planning Office for Urban Affairs & Jonathan Garland - JGE Development
- Broker: Jeanne Pinado - Colliers
The transaction features key participants including the Planning Office for Urban Affairs and Jonathan Garland, who represents JGE Development. Jeanne Pinado acted as the broker facilitating the sale, representing the interests of the involved parties.
On the Map
$8,700,000
Development Site
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Players
Avenue Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93