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
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