Updated Dec 4, 2024
Moulay Guessous Acquires Multifamily Property In East Boston, MA For $1.35M
334 Meridian Street
$1,350,000
$316/SF
Building Size
4,272 SF
Asset Type
MultiFamily
Closing
Oct 3, 2023
About this deal
AI
A multifamily property located at 334 Meridian Street in East Boston, MA has been sold for a price of $1,350,000. The property has a total square footage of 4,272, resulting in a price per square foot of $316.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 334 Meridian Street, East Boston, MA
- Market: East Boston, MA
- Buyer's Representative: Moulay Guessous - Coldwell Banker Realty
- Seller's Representatives: Mark Steinert, Mimi Lopez, and Sam Reifman-Packett - The RP Group at Compass
- Square Footage: 4,272
- Price per Square Foot: $316
The buyer in this transaction was represented by Moulay Guessous from Coldwell Banker Realty, while the seller was represented by Mark Steinert, Mimi Lopez, and Sam Reifman-Packett from The RP Group at Compass. This sale represents a significant transaction in the East Boston market.
Players
East 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93