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46 Spring Park Avenue

Multifamily Home At 46 Spring Park Avenue Boston Sold For $1.87M With Brokers Rachael Kulik & Steven Musto
SOLDMultiFamily

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

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.

Players

Rachael Kulik

Insight Realty Group

Broker

$4.4M

vol

3 deals

Broker

Jamaica Plain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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