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167 Maverick Street

William Raveis Real Estate Facilitates $1.765M Land Sale In East Boston
SOLDLand

William Raveis Real Estate Facilitates $1.765M Land Sale In East Boston

167 Maverick Street

$1,765,000

$392/SF

Building Size

4,500 SF

Asset Type

Land

Closing

Mar 29, 2024

AI

A prime opportunity to build an 11-unit residential building in East Boston's sought-after location at 167 Maverick St has been sold for $1.765 million. The property spans 4,500 square feet, resulting in a price per square foot of $392.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,765,000
  • Address: 167 Maverick Street
  • Market: East Boston, MA

The deal was facilitated by Caleb Charles, Katie Grealish, Michael Dorion, Sarah Carroll, and Jason Manganello of William Raveis Real Estate, showcasing a collaborative effort in the successful sale of the land property.

Players

Jason Manganello

William Raveis Real Estate

Broker

$10.9M

vol

4 deals

Broker

East Boston Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.99%

Cash-on-Cash

-2.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93