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
Jamaica Plain 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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93