Updated Dec 21, 2023
Kenneth Zou & Xuefei Hong Acquire Multifamily Property In Jamaica Plain, MA
4 Lester Place, Jamaica Plain, Boston, Massachusetts, USA
$1,380,000
$489/SF
Building Size
2,822 SF
Asset Type
MultiFamily
Closing
Oct 6, 2021
About this deal
AI
A multifamily property located at 4 Lester Pl in Jamaica Plain, MA has been sold in a recent transaction. The sale took place on 10/06/2021, with Kenneth Zou & Xuefei Hong purchasing the property from Nicholas S. Bryan-Brown.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 4 Lester Pl, Jamaica Plain, MA
- Market: Jamaica Plain, MA
- Buyer: Kenneth Zou & Xuefei Hong
- Seller: Nicholas S. Bryan-Brown
- Units: 3
- Price per Unit: $460,000
- Square Footage: 2,822
- Price per Square Foot: $489
This transaction represents an opportunity for Kenneth Zou & Xuefei Hong to expand their real estate portfolio. The multifamily property, with its 3 units and 2,822 square feet, provides potential for rental income and future appreciation. The purchase price of $1,380,000 indicates the value placed on the property within the market of Jamaica Plain, MA.
Players
Boston 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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93