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Multifamily Property On School St In Jamaica Plain, MA Sells For $2.64M

Property Image
SOLD
$2,640,000
Markese Daise
Darren Swain

Massachusetts

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MultiFamily5,466 SF
Sold 03/31/2023
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Property Image
SOLD

Multifamily Property On School St In Jamaica Plain, MA Sells For $2.64M

26 School St

See Similar Deals
MultiFamily5,466 SF
Sold 03/31/2023
Markese Daise
Darren Swain
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$483
Total Square Footage:5,466 SF
Transaction Type:Sale

A fantastic multifamily property located at 26 School St, Jamaica Plain, MA changed hands for a whopping $2.64 million! The property boasts a spacious 5,466 square feet area, making its price per square foot (PPSF) an impressive $483.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,640,000
  • Address: 26 School St, Jamaica Plain, MA
  • Market: Jamaica Plain, MA

The buyer was represented by the skilled Darren Swain from Capital Residential Group, LLC, while the charming Markese Daise from Stony Brook & Lennox Realty Advisors represented the seller.

Players

Markese Daise
Stony Brook & Lennox Realty Advisors
Markese Daise
15 deals$22.4M volume
BROKER
Darren Swain
Darren Swain
1 deal$2.6M volume(508) 667-7171
BROKER

Details

SOLD
IMAGE: Markese Daise DATE: 03/31/2023 ADDRESS: 26 School St MARKET: Jamaica Plain, MA ASSET TYPE: Multifamily BUYER'S REP: Darren Swain - Capital Residential Group, LLC (@CapResllc) SELLER'S REP: Markese Daise (@MarkeseDaise__RealEstate) - Stony Brook & Lennox Realty Advisors SALE PRICE: $2,640,000 SF: 5,466 ~ PPSF: $483 NOTE: A fantastic multifamily property located at 26 School St, Jamaica Plain, MA changed hands for a whopping $2.64 million! The property boasts a spacious 5,466 square feet area, making its price per square foot (PPSF) an impressive $483. The buyer was represented by the skilled Darren Swain from Capital Residential Group, LLC, while the charming Markese Daise from Stony Brook & Lennox Realty Advisors represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$140,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,379.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,514.95
Annual Debt Service$150,179.36