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226-228 Chestnut Avenue

Christian Iantosca & Stephen Lussier Of Arborview Realty Facilitate $1.4M Sale Of Boston Multifamily Property
SOLDMultiFamily

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:

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

Christian Iantosca

Arborview Realty

Broker

$15M

vol

9 deals

Broker

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