Updated Dec 20, 2023
Stan Klebaner Acquires Multifamily Property On Maverick St, East Boston For $1.5M
286 Maverick St, East Boston, Boston, MA, USA
$1,500,000
$334/SF
Building Size
4,488 SF
Asset Type
MultiFamily
Closing
Jul 29, 2021
About this deal
AI
A multifamily property located at 286 Maverick St in East Boston, MA has been sold in a recent transaction. The property spans 4,488 square feet and was sold for a total of $1,500,000, resulting in a price per square foot of $334. It consists of three units, with each unit being valued at $500,000.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,500,000
- Square Footage: 4,488
- Price Per Square Foot: $334
- Address: 286 Maverick St, East Boston, MA
- Market: East Boston, MA
- Seller: Lucia Basile
- Buyer: Stan Klebaner
- Number of Units: 3
- Unit Price: $500,000
The seller of the property is Lucia Basile, while the buyer is Stan Klebaner. They were represented by their respective brokers or representatives throughout the transaction.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93