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101 S Huntington Ave, Bosto...

Oxford Properties Group Acquires Jamaica Plain Property For $123.2 Million With Andrew Herald And Casey Griffin As Seller's Representatives
SOLDMultiFamily

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

Andrew Herald

Cushman & Wakefield

Broker

$346M

vol

16 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage
Oxford Properties Group
Oxford Properties GroupBuyer

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