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Steve Melo Acquires 94 Bragdon Street Multifamily In Boston From Evens Thesee For $1.15M

Property Image
SOLD
$1,150,000

Massachusetts

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MultiFamily3,180 SF
Sold 01/31/2025
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Property Image
SOLD

Steve Melo Acquires 94 Bragdon Street Multifamily In Boston From Evens Thesee For $1.15M

94 Bragdon Street

See Similar Deals
MultiFamily3,180 SF
Sold 01/31/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:3,180 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily unit located at 94 Bragdon Street, in the Boston, MA market. The sale price of the property was $1,150,000. It comprises 3 units and has a total square footage of 3,180, resulting in a price per unit of $383,333 and a price per square foot of $361.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 3
  • Square Footage: 3,180
  • Price Per Unit: $383,333
  • Price Per Square Foot: $361
  • Buyer: Steve Melo
  • Seller: Evens Thesee
  • Broker: Nicholas Bevilacqua - Horvath & Tremblay

This transaction involved key individuals including the buyer, Steve Melo, and the seller, Evens Thesee. Nicholas Bevilacqua represented the transaction for Horvath & Tremblay as the broker. The deal was completed on January 31, 2025.

Players

Nicholas (Nick) Bevilacqua
10 deals$16.4M volume(617) 202-4029
BROKER

Details

SOLD
IMAGE: Nicholas (Nick) Bevilacqua DATE: 01/31/2025 ADDRESS: 94 Bragdon Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Steve Melo SELLER: Evens Thesee BROKER: Nicholas Bevilacqua - Horvath & Tremblay SALE PRICE: $1,150,000 UNITS: 3 ~ PPU: $383,333 SF: 3,180 ~ PPSF: $361

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

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04