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
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