Edge Realty Investment Acquires Development Site In Roxbury For $350,000
108 Maywood Street, Roxbury, Boston, MA, USA
$350,000
$77/SF
Building Size
4,528 SF
Asset Type
Development Site
Closing
Jun 21, 2020
AI
The development site located at 108-110 Maywood in Roxbury has been sold in a recent transaction. The property is owned by 110 Maywood St LLC and was purchased by Edge Realty Investment. The deal was facilitated by broker Jeff Similien.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $350,000
- Address: 108-110 Maywood, Roxbury
- Market: Roxbury
- Seller: 110 Maywood St LLC
- Buyer: Edge Realty Investment
- Broker: Jeff Similien
- BSF: 4,528
- PPBSF: $77
The sale of this development site marks an important milestone for the property owners and the real estate industry in Roxbury. The transaction demonstrates the ongoing interest and investment in the area's development projects. With an impressive square footage of 4,528, this site presents significant potential for future development and growth.
Players
Boston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
45.32%
Cash-on-Cash
-12.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93