Updated Jun 4, 2025
Thomas Macdonald & Richard Cancilla Of Jacob Realty Sell Chestnut Hill Multifamily For $2.6M
35 Crosby Road
$2,600,000
$860/SF
Building Size
3,020 SF
Asset Type
MultiFamily
Closing
Jun 1, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 35 Crosby Road, Chestnut Hill, MA. The sale price for the asset was $2,600,000, encompassing 2 units. The total square footage of the property is 3,020, resulting in a price per unit of $1,300,000 and a price per square foot of $860.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 2
- Square Footage: 3,020
- Price Per Unit: $1,300,000
- Price Per Square Foot: $860
- Seller's Representative: Thomas Macdonald & Richard Cancilla - Jacob Realty
- Date of Transaction: 6/2/2025
The transaction involved key individuals Thomas Macdonald and Richard Cancilla, representing the seller under Jacob Realty. Their representation facilitated the sale of this multifamily property, contributing to the transaction's successful completion.
Players
Chestnut Hill 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93