Multifamily Property At 71 Tower Street In Jamaica Plain, MA Sold For $1.25M With MIG Brokers
71 Tower Street
$1,250,000
$310/SF
Building Size
4,032 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
AI
A multifamily property located at 71 Tower Street in Jamaica Plain, MA, has been sold for a total of $1.25 million. This property offers a spacious 4,032 square feet of living space at a price per square foot of $310. The transaction was facilitated by brokers Hakim Sadler and Robert Nichols of MIG.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 71 Tower Street
- Market: Jamaica Plain, MA
- Brokers: Hakim Sadler and Robert Nichols - MIG
- Total Square Footage: 4,032 SF
- Price per Square Foot: $310
This deal was successfully closed thanks to the expertise of Hakim Sadler and Robert Nichols from MIG. With their knowledge and experience, they were able to facilitate the sale of this multifamily property at a desirable price. The transaction demonstrates the robust real estate market in Jamaica Plain, MA, and the continued demand for multifamily properties in the area.
Players
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93