The Maneikis Companies, Inc. Sells 2,876 SF Multifamily Property In Boston, MA For $1M
SOLD
$1,000,000
Massachusetts
See Similar DealsMultiFamily2,876 SF
Sold 10/27/2021
SOLD
The Maneikis Companies, Inc. Sells 2,876 SF Multifamily Property In Boston, MA For $1M
187 Neponset Avenue, Dorchester, Boston, MA 02122, USA
See Similar DealsMultiFamily2,876 SF
Sold 10/27/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:2,876 SF
Transaction Type:Sale
The multifamily property located at 187 Neponset Ave in Boston, MA has been sold for $1,000,000. The sale was completed on October 27, 2021, and the property spans 2,876 square feet. The price per square foot was $348.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Date: 10/27/2021
- Address: 187 Neponset Ave
- Market: Boston, MA
- SF: 2,876
- PPSF: $348
Christopher Shea represented the buyer in this transaction, while Charles Maneikis from The Maneikis Companies, Inc. acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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