Edward Deveau Acquires Multifamily Property On Maverick St In Boston For $1.1M
169 Maverick St, East Boston, Massachusetts 02128, United States
$1,100,000
$310/SF
Building Size
3,546 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
AI
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.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93