Fred Starikov Sells Multifamily Property In Jamaica Plain, MA To Joanne Melikian-Cate For $4.18M
8 Nira Avenue, Jamaica Plain, MA, USA
$4,175,000
$539/SF
Building Size
7,744 SF
Asset Type
MultiFamily
Closing
May 7, 2020
AI
Located at 8 Nira Ave in Jamaica Plain, MA, this multifamily property was recently sold in a closed transaction. The property, spanning 7,744 square feet, offers ample space for its residents. The sale price for this property was set at $4,175,000, resulting in a price per square foot of $539.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,175,000
- Square Footage: 7,744
- Address: 8 Nira Ave, Jamaica Plain, MA
Fred Starikov, the seller, successfully completed the transaction with Joanne Melikian-Cate, the buyer. Their representatives facilitated the deal, providing expertise and guidance throughout the process.
Players
Boston 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
3.80%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93