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
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93