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Seth Priebatsch Acquires Multifamily Property In Jamaica Plain For $1.2M

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SOLD
$1,200,000

Massachusetts

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MultiFamily36,320 SF
Sold 06/03/2020
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Property Image
SOLD

Seth Priebatsch Acquires Multifamily Property In Jamaica Plain For $1.2M

47A Creighton St, Jamaica Plain, MA 02130, USA

See Similar Deals
MultiFamily36,320 SF
Sold 06/03/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$33
Total Square Footage:36,320 SF
Transaction Type:Sale

The multifamily property located at 47A Creighton Street in Jamaica Plain has been sold in a recent transaction for $1,200,000. This property spans across 3,632 square feet, with a price per square foot of $330. It is comprised of three units, resulting in a price per unit of $400,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 47A Creighton Street
  • Market: Jamaica Plain
  • Square Footage: 3,632
  • Price per Square Foot: $330
  • Number of Units: 3
  • Price per Unit: $400,000

The sellers of this property were Sara Navarro and Stephen Uriarte. The buyer, responsible for the acquisition, was Seth Priebatsch. Christian Iantosca from ArborView Realty Boston represented Seth Priebatsch as the broker in this transaction.

Players

Christian Iantosca
9 deals$15M volume(617) 543-0501
BROKER

Seth Priebatsch
5 deals$62.4M volume
BUYER

Details

SOLD
IMAGE: Christian Iantosca & Seth Priebatsch DATE: 06/03/2020 ADDRESS: 47A Creighton Street MARKET: Jamaica Plain ASSET TYPE: Multifamily SALE PRICE: $1,200,000 SF: 3,632 PPSF: $330 Units: 3 PPU: $400,000 SELLER: Sara Navarro & Stephen Uriarte BUYER: Seth Priebatsch BROKERS: Christian Iantosca @ArborViewRealtyBoston

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35