Updated Dec 21, 2023
William S. Pierce Acquires Multifamily Property In Jamaica Plain For $1.75M
2 Parley Vale, Jamaica Plain, MA, USA
$1,750,000
$491/SF
Building Size
3,560 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
The multifamily property located at 2 Parley Vale in Jamaica Plain has been sold in a recent transaction. The property spans 3,560 square feet and was sold for a price of $1,750,000, resulting in a price per square foot of $492. The buyer of the property was William S. Pierce, while the sellers were Brendan Hickey and Elizabeth B. Lang.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Square Footage: 3,560
- Price Per Square Foot: $492
- Address: 2 Parley Vale, Jamaica Plain
- Buyer: William S. Pierce
- Seller: Brendan Hickey & Elizabeth B. Lang
In this transaction, William S. Pierce acted as the buyer, acquiring the multifamily property. On the other hand, Brendan Hickey and Elizabeth B. Lang served as the sellers in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93