Christian Iantosca & Stephen Lussier Of Arborview Realty Facilitate $1.4M Sale Of Boston Multifamily Property
226-228 Chestnut Avenue
$1,400,000
$367/SF
Building Size
3,812 SF
Asset Type
MultiFamily
Closing
May 1, 2024
AI
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.
Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93