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116 Moore St #120 Boston, M...

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

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

Ryan Taylor

Fortune Realty

Broker

$160.2M

vol

41 deals

Broker

Vladimir Khaynovsky

Seller

$15.7M

vol

4 deals

Seller

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