Oxford Properties Group Acquires Jamaica Plain Property For $123.2 Million With Andrew Herald And Casey Griffin As Seller's Representatives
101 S Huntington Ave, Boston, MA, 02...
$123,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 28, 2019
AI
Serenity is a 195-unit apartment building located at 101 S Huntington Ave, Boston, MA, in the Jamaica Plain market. The property was completed in 2017 and features a two-story, dual-entrance lobby, lounge, elevated pool deck, private courtyard, and fitness center. The transaction was valued at $123,200,000.00, with a square footage of 0.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $123,200,000.00
- Address: 101 S Huntington Ave, Boston, MA
- Market: Jamaica Plain
- Buyer: Oxford Properties Group
- Seller: Longwood Group
- Seller's Representatives: Andrew Herald (Boston Realty Advisors), Casey Griffin (NKF Capital Markets), Devlin Man (NKF Capital Markets)
The deal involved a team of professionals from NKF’s Boston Capital Markets, including Michael Byrne, Thomas Greeley, Casey Griffin, Devlin Man, and Andrew Herald, who represented the seller, Longwood Group, in the negotiation process.
Players
Jamaica Plain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93