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169 Maverick St, East Bosto...

Edward Deveau Acquires Multifamily Property On Maverick St In Boston For $1.1M
SOLDMultiFamily

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

Edward Deveau

Century 21

Broker

$3.3M

vol

3 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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