Tommy Noto Acquires Development Site On Moore Street In East Boston, MA For $4.81M
116 Moore St #120 Boston, MA 02128, USA
$4,810,000
Building Size
—
Asset Type
Development Site
Closing
Jun 16, 2023
AI
A development site located at 116-120 Moore Street in East Boston, MA has been sold for $4,810,000. The property was sold on 06/16/2023 in a closed transaction. The site is situated in a desirable location in East Boston.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $4,810,000
- Address: 116-120 Moore Street, East Boston, MA
- Market: East Boston, MA
The buyer of the property is Tommy Noto, while the seller is Vladimir Khaynovsky. Representing the buyer in the transaction were Brayden Haney, Ryan Taylor, and Tom Fleming from Boston Residential. Amaury De Labbey from Berkshire Hathaway HomeServices acted as the seller's representative in the deal.
This transaction showcases the involvement of various key individuals and companies, including Brayden Haney, Ryan Taylor, Tom Fleming, and Amaury De Labbey, who played crucial roles in facilitating the successful sale of the development site at 116-120 Moore Street in East Boston, MA.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93