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33 Child Street

Updated Dec 4, 2024

Steven Ward Of Re/Max Represents Buyer In $1.2M Sale Of Multifamily Property In Boston
SOLDMultiFamily

Steven Ward Of Re/Max Represents Buyer In $1.2M Sale Of Multifamily Property In Boston

33 Child Street

$1,200,000

$369/SF

Building Size

3,246 SF

Asset Type

MultiFamily

Closing

Jul 26, 2024

About this deal

AI

The multifamily property located at 33 Child Street in Boston, MA, was sold for $1,200,000. This asset consists of 3 units, each featuring 2 bedrooms, living and dining rooms, and front and back decks. The total square footage of the property is 3,246 SF, with a price per unit of $400,000 and a price per square foot of $370. The property is equipped with off-street parking, a large basement, and is situated conveniently near public transportation and local amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 3
  • Price Per Unit: $400,000
  • Square Feet: 3,246
  • Price Per Square Foot: $370
  • Buyer's Representative: Steven Ward - Re/Max
  • Seller's Representative: Love Live Team - Insight Realty Group

Steven Ward represented the buyer in this transaction, while the seller was represented by the Love Live Team. The negotiation process involved the collaboration of both real estate agencies to facilitate the sale of this multifamily asset in the Jamaica Plain neighborhood.

Players

Steven Ward

Re/Max

Broker

$5.3M

vol

4 deals

Broker

Jamaica Plain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $369 per square foot on a published $1.2M for 3,246 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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