Michael J. Hynes Jr. Acquires Other Residential & Commercial Property In East Boston For $5.1M
46 Lexington Street, East Boston, Massachusetts 02128, United States
$5,175,000
$949/SF
Building Size
5,448 SF
Asset Type
Co-Op
Closing
Jun 29, 2022
AI
The property at 46 Lexington St in East Boston, MA has been sold in a closed transaction. The property is classified as Other Residential & Commercial, offering a total square footage of 5,448. The purchase price for the property was $5,175,000, resulting in a price per square foot of $949.
Summary of transaction details:
- Property Type: Other Residential & Commercial
- Transaction Amount: $5,175,000
- Address: 46 Lexington St, East Boston, MA
- Market: East Boston, MA
The buyer of the property is Michael J. Hynes Jr. and the seller is Fred Starikov.
Players
Boston Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93