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Evan Griffith And Tony Pepdjonovic Facilitate Sale Of Bennington Arms Multifamily For $7.3M In East Boston

Property Image
SOLD
$7,300,000
Tony Pepdjonovic
Evan Griffith

Massachusetts

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MultiFamily
Sold 03/03/2025
the dealplayerscompscontact
Property Image
SOLD

Evan Griffith And Tony Pepdjonovic Facilitate Sale Of Bennington Arms Multifamily For $7.3M In East Boston

720 Bennington Street

See Similar Deals
MultiFamily
Sold 03/03/2025
Tony Pepdjonovic
Evan Griffith
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 720 Bennington Street in East Boston, MA. The sale price of the property was $7,300,000, and it consists of 28 units, resulting in a price per unit of $260,714.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $7,300,000
  • Address: 720 Bennington Street
  • Market: East Boston, MA
  • Units: 28
  • PPU: $260,714

Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the deal. They facilitated the sale of the property known as Bennington Arms, emphasizing its potential for significant returns through renovations and its positioning within a thriving area with strong rental demand.

Players

Evan Griffith
Marcus & Millichap
Evan Griffith
65 deals$388M volume
BROKER
Tony Pepdjonovic
Marcus & Millichap
Tony Pepdjonovic
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Evan Griffith & Tony Pepdjonovic DATE: 03/03/2025 ADDRESS: 720 Bennington Street MARKET: East Boston, MA ASSET TYPE: MultiFamily BROKERS: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,300,000 UNITS: 28 ~ PPU: $260,714 NOTE: Evan Griffith and Tony Pepdjonovic facilitated the sale of Bennington Arms, a 28-unit multifamily property in East Boston, for $7.3 million, highlighting its potential for significant returns through renovations. Located in a thriving area with strong rental demand, the property is positioned for growth as the neighborhood evolves.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$389,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69