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Christian Iantosca & Stephen Lussier Of Arborview Realty Facilitate $1.4M Sale Of Boston Multifamily Property
SOLD
$1,400,000
Massachusetts
See Similar DealsMultiFamily3,812 SF
Sold 05/01/2024
SOLD
Christian Iantosca & Stephen Lussier Of Arborview Realty Facilitate $1.4M Sale Of Boston Multifamily Property
226-228 Chestnut Avenue
See Similar DealsMultiFamily3,812 SF
Sold 05/01/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:3,812 SF
Transaction Type:Sale
The townhome-style duplex at 226-228 Chestnut Ave in Boston's Jamaica Plain was sold for $1,400,000. The property spans 3,812 sq ft, containing 6 beds and 4 baths, situated on an 11,116 sq ft lot, presenting opportunities for potential transformation or condo conversion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 2
- Price per Unit: $700,000
- Square Footage: 3,812
- Price per Square Foot: $367
- Address: 226-228 Chestnut Avenue
- Market: Boston, MA
- Brokers: Christian Iantosca & Stephen Lussier - Arborview Realty
Christian Iantosca and Stephen Lussier from Arborview Realty represented the parties involved in the sale of the multifamily property. Their expertise and negotiation skills ensured a successful transaction, showcasing their proficiency in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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