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454 456 East Sixth Street

Scott Schneider Purchases Multifamily Property From James Paskevich In South Boston For $1.11M
SOLDMultiFamily

Scott Schneider Purchases Multifamily Property From James Paskevich In South Boston For $1.11M

454 456 East Sixth Street

$1,110,000

$388/SF

Building Size

2,856 SF

Asset Type

MultiFamily

Closing

Nov 5, 2025

AI

The property asset involved in this transaction is a multifamily building located at 454-456 East Sixth Street in South Boston, MA. The sale price for this asset was $1,110,000, which encompasses three units and spans a total square footage of 2,856. The price per unit was $370,000, resulting in a price per square foot of $388.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,110,000
  • Units: 3
  • Square Footage: 2,856
  • Price Per Unit: $370,000
  • Price Per Square Foot: $388
  • Buyer: Scott Schneider
  • Seller: James Paskevich
  • Broker: Nicholas Bevilacqua - Horvath & Tremblay

This transaction involved the buyer Scott Schneider acquiring the property from seller James Paskevich. The deal was facilitated by broker Nicholas Bevilacqua, representing Horvath & Tremblay in the transaction.

Players

Nicholas Bevilacqua

Horvath & Tremblay

Broker

$21.4M

vol

11 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93