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48-50 Spring Park Avenue

Christian Iantosca Of Arborview Realty Sells Jamaica Plain Multifamily For $1.635M
SOLDMultiFamily

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.

Players

Christian Iantosca

Arborview Realty

Broker

$15M

vol

9 deals

Broker

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