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8 Nira Avenue, Jamaica Plai...

Fred Starikov Sells Multifamily Property In Jamaica Plain, MA To Joanne Melikian-Cate For $4.18M
SOLDMultiFamily

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

Fred Starikov

City Realty Group

Broker

$66.7M

vol

12 deals

Broker
Fred Starikov

Fred Starikov

Seller

$66.7M

vol

12 deals

Seller

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