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Eric Shinrock And Patrick Mulroy Acquire Jamaica Plain Multifamily For $5.55M From Aida Leon

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SOLD
$5,550,000

Massachusetts

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MultiFamily16,854 SF
Sold 05/08/2025
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Property Image
SOLD

Eric Shinrock And Patrick Mulroy Acquire Jamaica Plain Multifamily For $5.55M From Aida Leon

12 Creighton Street, 14 Creighton Street, 16 18 Creighton Street & 20 Creighton Street

See Similar Deals
MultiFamily16,854 SF
Sold 05/08/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:16,854 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 12, 14, 16-18, and 20 Creighton Street in Jamaica Plain, MA. It is classified as a multifamily asset. The transaction was executed for a sale price of $5,550,000. The total square footage of the property is 16,854, and it comprises 18 units, resulting in a price per unit of $308,333 and a price per square foot of $329.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,550,000
  • Units: 18
  • Square Footage: 16,854
  • Price Per Unit: $308,333
  • Price Per Square Foot: $329
  • Buyer: Eric Shinrock & Patrick Mulroy
  • Seller: Aida Leon - Aida Lopez Family Realty Trust
  • Brokers: Tim McGeary & Richard Welch - NorthEast Private Client Group

The deal involved buyers Eric Shinrock and Patrick Mulroy acquiring the property from seller Aida Leon, who represents the Aida Lopez Family Realty Trust. The transaction was facilitated by brokers Tim McGeary and Richard Welch from NorthEast Private Client Group.

Players

Tim McGeary
15 deals$67.8M volume
BROKER

Richard (Rick) Welch
NorthEast Private Client Group
4 deals$26M volume(857) 990-6830
BROKER

NorthEast Private Client Group
BROKERAGE

Details

SOLD
IMAGE: Tim McGeary, Richard Welch, Eric Shinrock & Patrick Mulroy DATE: 5/8/2025 ADDRESS: 12, 14, 16-18 and 20 Creighton Street MARKET: Jamaica Plain, MA ASSET TYPE: Multifamily BUYER: Eric Shinrock (@EShinrock) & Patrick Mulroy (@RemodernBuilders) SELLER: Aida Leon - Aida Lopez Family Realty Trust BROKERS: Tim McGeary & Richard Welch - NorthEast Private Client Group (@NorthEastPCG) SALE PRICE: $5,550,000 UNITS: 18 ~ PPU: $308,333 SF: 16,854 ~ PPSF: $329

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$295,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98