facebook
Traded Co logo
Submit
Daily limit: 0/10

Multifamily Property At 71 Tower Street In Jamaica Plain, MA Sold For $1.25M With MIG Brokers

Property Image
SOLD
$1,250,000

Massachusetts

See Similar Deals
MultiFamily4,032 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property At 71 Tower Street In Jamaica Plain, MA Sold For $1.25M With MIG Brokers

71 Tower Street

See Similar Deals
MultiFamily4,032 SF
Sold
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:4032 SF
Transaction Type:Sale

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

Hakim Sadler
34 deals$68.3M volume
BROKER

Robert Nichols
MIG Realty
44 deals$69M volume
BROKER

Details

SOLD
IMAGE: Robert Nichols & Hakim Sadler DATE: 08/31/2023 ADDRESS: 71 Tower Street MARKET: Jamaica Plain, MA ASSET TYPE: Multifamily BROKERS: Hakim Sadler & Robert Nichols (@RobertlNichols) - MIG (@MIGRealty) SALE PRICE: $1,250,000 SF: 4,032 ~ PPSF: $310 NOTE: A multifamily property located at 71 Tower Street in Jamaica Plain, MA, was sold for $1.25 million. The transaction was facilitated by brokers Hakim Sadler and Robert Nichols of MIG, with the property offering 4,032 square feet at a price per square foot of $310.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65