Updated Dec 4, 2024
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
About this deal
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:
- Property Type: MultiFamily
- Transaction Amount: $4,950,000
- Address: 435 Walnut Avenue, Boston, MA 02119
- Market: Boston, MA
- Brokers: Caleb Charles, Michael Dorion, Sarah Carroll, Scott Johnson & Jason Manganello - The Residential Group William Raveis Real Estate
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.
On the Map
$4,950,000
$351/SF
MultiFamily
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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