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12 Creighton Street

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

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

$5,550,000

$329/SF

Building Size

16,854 SF

Asset Type

MultiFamily

Closing

May 7, 2025

AI

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

NorthEast Private Client Group

Broker

$67.8M

vol

15 deals

Broker
NorthEast Private Client Group
NorthEast Private Client GroupBrokerage

Jamaica Plain 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

2.86%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93