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10 Brewer Street, Jamaica P...

Steven Cohen & Bruce Withey Acquire Multifamily Property In Jamaica Plain, MA For $1.3M
SOLDMultiFamily

Steven Cohen & Bruce Withey Acquire Multifamily Property In Jamaica Plain, MA For $1.3M

10 Brewer Street, Jamaica Plain, MA, USA

$1,300,000

$530/SF

Building Size

2,449 SF

Asset Type

MultiFamily

Closing

Jan 19, 2021

AI

Located at 10 Brewer Street in Jamaica Plain, MA, this recently sold multifamily property is an attractive asset in the real estate market. The property spans across 2,449 square feet and was sold for a price of $1,300,000, resulting in a price per square foot of $530.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 10 Brewer Street, Jamaica Plain, MA
  • Market: Jamaica Plain, MA

The buyer of this property is Steven Cohen & Bruce Withey, while the seller is Stephen Richardson & Una Flood. This transaction took place on January 20, 2021. Bruce Withey & Steven Cohen represented themselves in the deal as the buyers' representatives.

Players

Steven Cohen

Buyer

$585.7M

vol

6 deals

Buyer

Stephen A. Richardson

Seller

$106.3M

vol

2 deals

Seller

Boston 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93