facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

334 Meridian Street

Updated Dec 4, 2024

Moulay Guessous Acquires Multifamily Property In East Boston, MA For $1.35M
SOLDMultiFamily

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

Moulay Guessous

Broker

$3.7M

vol

3 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $316 per square foot on a published $1.4M for 4,272 square feet (2023).

Visit Moulay Guessous to view all their deals.

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

More Deals

Nearby Markets