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William Raveis Real Estate Facilitates $1.765M Land Sale In East Boston
SOLD
$1,765,000
+ 3
Massachusetts
See Similar DealsLand4,500 SF
Sold 03/29/2024
SOLD
William Raveis Real Estate Facilitates $1.765M Land Sale In East Boston
167 Maverick Street
See Similar DealsLand4,500 SF
Sold 03/29/2024
+ 3
Summary
MASSACHUSETTS
Asset Type:Land
Price Per Square Foot:$392
Total Square Footage:4,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01
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