Christian Iantosca Of Arborview Realty Sells Jamaica Plain Multifamily For $1.635M
48-50 Spring Park Avenue
$1,635,000
$325/SF
Building Size
5,019 SF
Asset Type
MultiFamily
Closing
Aug 6, 2024
AI
The property asset involved in this transaction is a three-family home located at 48-50 Spring Park Avenue, Boston, MA. The sale price for the multifamily asset was $1,635,000, and it encompasses a total of 5,019 square feet. This property features 12 bedrooms and 5.5 bathrooms, along with a notable rental history and current monthly income of $9,380.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,635,000
- Square Footage: 5,019
- Address: 48-50 Spring Park Avenue
- Market: Boston, MA
- Price Per Square Foot: $326
- Broker's Rep: Christian Iantosca - Arborview Realty @ArborviewRealtyBoston
Key individuals involved in the deal include the broker representative Christian Iantosca, who is affiliated with Arborview Realty. The transaction highlights the successful completion of a multifamily property sale, reflecting the ongoing demand and investment interest in the Jamaica Plain area.
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
9.70%
Cash-on-Cash
-2.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93