Michael J. Hynes Jr. Acquires Other Residential & Commercial Property In East Boston For $5.1M
SOLD
$5,175,000
Massachusetts
See Similar DealsCo-Op5,448 SF
Sold 06/30/2022
SOLD
Michael J. Hynes Jr. Acquires Other Residential & Commercial Property In East Boston For $5.1M
46 Lexington Street, East Boston, Massachusetts 02128, United States
See Similar DealsCo-Op5,448 SF
Sold 06/30/2022
Summary
MASSACHUSETTS
Asset Type:Co-Op
Price Per Square Foot:$949
Total Square Footage:5,448 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$276,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,385.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,532.14
Annual Debt Service$294,385.68
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