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
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:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Price Per Unit: $500,000
- Square Footage: 3,588
- Price Per Square Foot: $418
- Buyer's Representative: Rachael Kulik - Insight Realty Group
- Seller's Representative: Jessica Later - JL+CoRE
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.
Players
Jamaica Plain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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