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Arborview Realty Inc Acquires Multifamily Property In Jamaica Plain, MA For $1.275M

Property Image
SOLD
$1,275,000
Thomas "Tom" McFarland
Christian Iantosca

Massachusetts

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MultiFamily3,705 SF
Sold 09/01/2023
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Property Image
SOLD

Arborview Realty Inc Acquires Multifamily Property In Jamaica Plain, MA For $1.275M

51 Boylston Street

See Similar Deals
MultiFamily3,705 SF
Sold 09/01/2023
Thomas "Tom" McFarland
Christian Iantosca
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:3,705 SF
Transaction Type:Sale

A multifamily property located at 51 Boylston Street in Jamaica Plain, MA, was sold for $1,275,000. The property has a total square footage of 3,705, resulting in a price per square foot of $344.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,275,000
  • Address: 51 Boylston Street, Jamaica Plain, MA
  • Market: Jamaica Plain, MA

The buyer's representative in this transaction was Christian Iantosca from Arborview Realty Inc, while the seller's representative was Thomas "Tom" McFarland from RE/MAX Realty Pros.

Players

Christian Iantosca
Arborview Realty
Christian Iantosca
9 deals$15M volume(617) 543-0501
BROKER
Thomas "Tom" McFarland
Re/Max
Thomas McFarland
5 deals$7.5M volume
BROKER

Details

SOLD
IMAGE: Christian Iantosca & Thomas "Tom" McFarland DATE: 09/01/2023 ADDRESS: 51 Boylston Street MARKET: Jamaica Plain, MA ASSET TYPE: Multifamily BUYER'S REP: Christian Iantosca (@ChristianIantoscaTeam) - Arborview Realty Inc (@ArborviewRealtyBoston) SELLER'S REP: Thomas "Tom" McFarland - RE/MAX Realty Pros (@Remax) SALE PRICE: $1,275,000 SF: 3,705 ~ PPSF: $344 NOTE: A multifamily property located at 51 Boylston Street in Jamaica Plain, MA, was sold for $1,275,000, with a price per square foot of $344.

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

$67,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81