Updated Oct 28, 2024
Michael Stuchins Acquires Multifamily Property In East Boston For $1.14M
198 Maverick St, East Boston, Boston, Massachusetts, USA
$1,140,000
$350/SF
Building Size
3,249 SF
Asset Type
MultiFamily
Closing
Jun 29, 2021
About this deal
AI
The multifamily property located at 198 Maverick St in East Boston, MA was recently sold for a total price of $1,140,000. The sale took place on June 30, 2021, and the property spans a total area of 3,249 square feet. The price per square foot was calculated to be $351. This property consists of three units, with each unit being sold at an average price of $380,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,140,000
- Market: East Boston, MA
- Seller: City Realty
- Buyer: Michael Stuchins
In this transaction, the seller of the property was City Realty, while Michael Stuchins acted as the buyer. These key individuals were responsible for finalizing the deal for the multifamily property at 198 Maverick St.
On the Map
$1,140,000
$350/SF
MultiFamily
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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
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93