Scott Schneider Purchases Multifamily Property From James Paskevich In South Boston For $1.11M
SOLD
$1,110,000
Massachusetts
See Similar DealsMultiFamily2,856 SF
Sold 11/06/2025
SOLD
Scott Schneider Purchases Multifamily Property From James Paskevich In South Boston For $1.11M
454 456 East Sixth Street
See Similar DealsMultiFamily2,856 SF
Sold 11/06/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:2,856 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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