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32 Gartland Street

Updated Dec 4, 2024

Rachael Kulik Of Insight Realty Group Represents Buyer Jessica Later Of JL&CoRE In Boston Sale For $1.5M
SOLDMultiFamily

Rachael Kulik Of Insight Realty Group Represents Buyer Jessica Later Of JL&CoRE In Boston Sale For $1.5M

32 Gartland Street

$1,500,000

$418/SF

Building Size

3,588 SF

Asset Type

MultiFamily

Closing

Jul 10, 2024

About this deal

AI

A classic triple-decker located at 32 Gartland Street in Boston, MA, has been sold for $1.5 million. This multifamily property comprises three units, featuring a total of three bathrooms and six bedrooms. It spans a square footage of 3,588 and has a price per unit of $500,000, alongside a price per square foot of $418. The property is enhanced by modern upgrades while maintaining original details, and it is situated near Minton Stable Gardens. The units have been updated with renovated kitchens and bathrooms, and there is a newly landscaped yard. The current units are tenanted until June 2024.

Summary of transaction details:

Rachael Kulik represented the buyer in this transaction, while Jessica Later acted as the seller's representative. Both brokers played a crucial role in facilitating the sale of this multifamily asset within the Boston market.

On the Map

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$1,500,000

$418/SF

MultiFamily

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Players

Rachael Kulik

Insight Realty Group

Broker

$4.4M

vol

3 deals

Broker

Jamaica Plain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $418 per square foot on a published $1.5M for 3,588 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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