Multifamily Property In Jamaica Plain, MA Sells For $1.36M With Elizabeth Gibby-Homnick As Buyer's Rep
7-11 Ackley Place
$1,361,000
$421/SF
Building Size
3,233 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
AI
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.
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
11.66%
Cash-on-Cash
-3.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93