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264 Maverick Street, Boston...

Century 21 North East Represents Buyer In $1.2M Multifamily Sale In Boston
SOLDMultiFamily

Century 21 North East Represents Buyer In $1.2M Multifamily Sale In Boston

264 Maverick Street, Boston, Massachusetts 02128, United States

$1,161,500

$368/SF

Building Size

3,156 SF

Asset Type

MultiFamily

Closing

Feb 7, 2022

AI

The multifamily property located at 264 Maverick St in Boston, MA was recently sold for a total price of $1,161,500. The property spans 3,156 square feet, resulting in a price per square foot of $368. Michelle Fermin from CENTURY 21 North East represented the buyer in this transaction, while Julie Ratte from Coldwell Banker Realty - Andover represented the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,161,500
  • Address: 264 Maverick St, Boston, MA
  • Square Footage: 3,156
  • Price per Square Foot: $368
  • Buyer's Representative: Michelle Fermin - CENTURY 21 North East
  • Seller's Representative: Julie Ratte - Coldwell Banker Realty - Andover

The transaction took place on February 8, 2022, and involved the sale of the multifamily property. Michelle Fermin from CENTURY 21 North East represented the buyer, while Julie Ratte from Coldwell Banker Realty - Andover represented the seller. Both parties successfully negotiated the sale price of $1,161,500 for the property, which offers 3,156 square feet of space. With a price per square foot of $368, this transaction showcases the value of this multifamily asset in the Boston, MA market.

Players

Michelle Fermin

Century 21

Broker

$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

13.66%

Cash-on-Cash

-3.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93