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15 Faulkner St, Boston, Dor...

Niello Realty Group Acquires Multifamily Property In Boston For $1.15M
SOLDMultiFamily

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

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.

Players

Charles Maneikis

Broker

$2.5M

vol

2 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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