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435 Walnut Avenue

Residential Group Completes $4.95M Sale Of MultiFamily Asset In Boston
SOLDMultiFamily

Residential Group Completes $4.95M Sale Of MultiFamily Asset In Boston

435 Walnut Avenue

$4,950,000

$351/SF

Building Size

14,088 SF

Asset Type

MultiFamily

Closing

May 16, 2024

AI

435 Walnut Ave in Boston, MA 02119 sold for $4,950,000, presenting a lucrative investment opportunity with a freestanding brick building housing 13 residential units in Jamaica Plain. The property spans 14,088 square feet, resulting in a price per square foot of $351.

Summary of transaction details:

The deal involved a team of brokers representing the seller and facilitating the transaction. Caleb Charles, Michael Dorion, Sarah Carroll, Scott Johnson, and Jason Manganello from The Residential Group at William Raveis Real Estate collaborated to successfully close the sale.

Players

Jason Manganello

William Raveis Real Estate

Broker

$10.9M

vol

4 deals

Broker

Roxbury 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

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93