Updated Dec 4, 2024
Multifamily Home At 46 Spring Park Avenue Boston Sold For $1.87M With Brokers Rachael Kulik & Steven Musto
46 Spring Park Avenue
$1,870,000
$397/SF
Building Size
4,709 SF
Asset Type
MultiFamily
Closing
Aug 2, 2024
About this deal
AI
A 3-family home located at 46 Spring Park Avenue in Boston, MA, was sold for $1,870,000. The property spans 4,709 square feet and features three spacious units, hardwood floors, porches, and a walk-in attic. It is currently tenanted until August 2024.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,870,000
- Units: 3
- Price Per Unit: $623,333
- Square Footage: 4,709
- Price Per Square Foot: $397
- Market: Boston, MA
The transaction was represented by brokers Rachael Kulik and Steven Musto from Insight Realty Group, indicating their role in facilitating the sale of the property.
On the Map
$1,870,000
$397/SF
MultiFamily
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Jamaica Plain MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93