Hingham Institution For Savings Provides $3.66M Loan For Acquisition Of 101-107 School Street In Jamaica Plain
101 School Street & 107 School Street
$3,659,500
$101/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Mar 27, 2025
AI
A multi-family property located at 101-107 School Street in Jamaica Plain, MA, encompassing a total square footage of 18,000. The asset was financed for an acquisition amount of $3,659,500.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,659,500
- Lender: Hingham Institution for Savings
- Loan Type: Acquisition
- Loan Date: 03/27/2025
- Market: Jamaica Plain, MA
The financing for this property acquisition was facilitated by Hingham Institution for Savings, which provided the loan required for the purchase transaction, furthering their involvement in the real estate market within Jamaica Plain.
Players
Roxbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93