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Tommy Noto Acquires Development Site On Moore Street In East Boston, MA For $4.81M

Property Image
SOLD
$4,810,000
Brayden Haney
Amaury De Labbey
+ 2

Massachusetts

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Development Site
Sold 06/16/2023
the dealplayerscompscontact
Property Image
SOLD

Tommy Noto Acquires Development Site On Moore Street In East Boston, MA For $4.81M

116 Moore St #120 Boston, MA 02128, USA

See Similar Deals
Development Site
Sold 06/16/2023
Brayden Haney
Amaury De Labbey
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale

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

Ryan Taylor
41 deals$160.2M volume(774) 270-4020
BROKER

Brayden Haney
Fortune Realty
27 deals$114.2M volume(774) 270-2612
BROKER

Amaury De Labbey
Berkshire Hathaway HomeServices
1 deal$4.8M volume(617) 650-6408
BROKER

Thomas (Tom) Fleming
1 deal$4.8M volume(781) 556-6386
BROKER

Details

SOLD
IMAGE: Brayden Haney, Ryan Taylor, Amaury De Labbey & Tom Fleming DATE: 06/16/2023 ADDRESS: 116-120 Moore Street MARKET: East Boston, MA ASSET TYPE: Development Site BUYER: Tommy Noto SELLER: Vladimir Khaynovsky BUYER'S REP: Brayden Haney (@Needmoclicquot), Ryan Taylor (@RyKittyPur) & Tom Fleming (@TFleming_RE) - Boston Residential (@BostonRes) SELLER'S REP: Amaury De Labbey (@The.Adl) - Berkshire Hathaway HomeServices (@BHHSnenyhvp) SALE PRICE: $4,810,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,088.93
Cash-on-Cash Return-1.27%
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