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Multifamily Property In Jamaica Plain, MA Sells For $1.36M With Elizabeth Gibby-Homnick As Buyer's Rep

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SOLD
$1,361,000

Massachusetts

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MultiFamily3,233 SF
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SOLD

Multifamily Property In Jamaica Plain, MA Sells For $1.36M With Elizabeth Gibby-Homnick As Buyer's Rep

7-11 Ackley Place

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MultiFamily3,233 SF
Sold
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$421
Total Square Footage:3233 SF
Transaction Type:Sale

A multifamily property at 7-11 Ackley Place in Jamaica Plain, MA, has been sold for $1,361,000. The property spans 3,233 square feet, resulting in a price per square foot of $421.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,361,000

Elizabeth Gibby-Homnick from The Charles Realty represented the buyer, while The Residential Group from William Raveis Real Estate handled the seller's representation for this transaction.

Players

Elizabeth Gibby-Homnick
The Charles Realty
Elizabeth Gibby-Homnick
1 deal$1.4M volume(617) 236-0353
BROKER

Details

SOLD
IMAGE: Elizabeth Gibby-Homnick DATE: 01/05/2024 ADDRESS: 7-11 Ackley Place MARKET: Jamaica Plain, MA ASSET TYPE: Multifamily BUYER'S REP: Elizabeth Gibby-Homnick (@EGHRealtor) - The Charles Realty (@TheCharlesRealty) SELLER'S REP: The Residential Group - William Raveis Real Estate - Boston - South End (@RaveisSouthBoston) SALE PRICE: $1,361,000 SF: 3,233 ~ PPSF: $421 NOTE: A multifamily property at 7-11 Ackley Place in Jamaica Plain, MA, has been sold for $1,361,000, with Elizabeth Gibby-Homnick from The Charles Realty representing the buyer, and The Residential Group from William Raveis Real Estate handling the seller's representation.

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

$72,586.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,835.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,451.83
Annual Debt Service$77,422.01