Updated Dec 4, 2024
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93