Updated Dec 21, 2023
Niello Realty Group Acquires Multifamily Property In Boston For $1.15M
15 Faulkner St, Boston, Dorchester, MA, USA
$1,155,000
$286/SF
Building Size
4,035 SF
Asset Type
MultiFamily
Closing
May 24, 2020
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 15 Faulkner St in Boston, MA. It was sold on 05/24/2021 for a total price of $1,155,000. The property spans 4,035 square feet, resulting in a price per square foot of $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Address: 15 Faulkner St, Boston, MA
- Square Footage: 4,035
- Price per Square Foot: $286
The seller's representative in this transaction was Charles Maneikis from The Maneikis Companies, Inc. On the buyer's side, Matthew Robitaille of Niello Realty Group served as their representative.
On the Map
$1,155,000
$286/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93