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Christian Iantosca Of Arborview Realty Acquires Multifamily Property In Jamaica Plain, MA For $2.35M
SOLD
$2,350,000
Massachusetts
See Similar DealsMultiFamily5,472 SF
Sold 01/12/2024
SOLD
Christian Iantosca Of Arborview Realty Acquires Multifamily Property In Jamaica Plain, MA For $2.35M
112 Rockview Street
See Similar DealsMultiFamily5,472 SF
Sold 01/12/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$429
Total Square Footage:5,472 SF
Transaction Type:Sale
In Jamaica Plain, MA, a multifamily property at 112 Rockview Street was sold for $2,350,000. The property spans 5,472 square feet with a price per square foot of $429.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 112 Rockview Street, Jamaica Plain, MA
- Market: Jamaica Plain, MA
- Buyer's Representative: Christian Iantosca - Arborview Realty
- Seller's Representative: Michael Rothstein - Hammond Residential Real Estate
Christian Iantosca of Arborview Realty represented the buyer, while Michael Rothstein of Hammond Residential Real Estate represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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