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
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