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71 Tower Street

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

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

Hakim Sadler

MIG Realty

Broker

$68.3M

vol

34 deals

Broker

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