Edward Deveau Acquires Multifamily Property On Maverick St In Boston For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily3,546 SF
Sold 04/28/2022
SOLD
Edward Deveau Acquires Multifamily Property On Maverick St In Boston For $1.1M
169 Maverick St, East Boston, Massachusetts 02128, United States
See Similar DealsMultiFamily3,546 SF
Sold 04/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:3,546 SF
Transaction Type:Sale
Located at 169 Maverick St in Boston, MA, this multifamily property was recently sold for a price of $1,100,000. Spanning across 3,546 square feet, the property offers ample space for its future occupants. With a price per square foot of $310, this transaction presents a lucrative opportunity in the Boston real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Square Footage: 3,546
- Price per Square Foot: $310
Representing the buyer in this transaction was Edward Deveau from Century 21 Mario Real Estate. On the other side, The Residential Group from William Raveis Real Estate - Boston - South End acted as the seller's representative. Their expertise and negotiation skills played a crucial role in the successful completion of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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