facebook
Traded Co logo
Submit

Matthew Wessels Acquires Package Deal In East Boston & Revere For $8.3M

Property Image
SOLD
$8,300,000
Brayden Haney

Massachusetts

See Similar Deals
Package Deal176,000 SF
Sold 06/07/2023
the dealplayerscompscontact
Property Image
SOLD

Matthew Wessels Acquires Package Deal In East Boston & Revere For $8.3M

238 Maverick St Boston, MA 02128, USA, 342 Princeton Street, 263 Everett Street, 229 London Street, 131 Cottage Street, 154 Everett Street, 323 Beach Street & 32 Centennial Avenue

See Similar Deals
Package Deal176,000 SF
Sold 06/07/2023
Brayden Haney
Contact now

Summary

MASSACHUSETTS
Asset Type:Package Deal
Price Per Square Foot:$47
Total Square Footage:176,000 SF
Transaction Type:Sale

The package deal transaction involved the sale of multiple properties located at 238 Maverick Street, 342 Princeton Street, 263 Everett Street, 229 London Street, 131 Cottage Street, 154 Everett Street, 323 Beach Street, and 32 Centennial Avenue in East Boston and Revere, MA. The buyer, Matthew Wessels, acquired these properties from the seller, Vladimir Khaynovsky, for a total sale price of $8,300,000. The transaction was facilitated by Ryan Taylor and Brayden Haney from Fortune Realty.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $8,300,000
  • Square Footage: 22,000
  • Price per Square Foot: $377

Ryan Taylor and Brayden Haney from Fortune Realty represented both the buyer, Matthew Wessels, and the seller, Vladimir Khaynovsky, in this package deal transaction.

Players

Ryan Taylor
41 deals$160.2M volume(774) 270-4020
BROKER

Brayden Haney
Fortune Realty
27 deals$114.2M volume(774) 270-2612
BROKER

Details

SOLD
IMAGE: Ryan Taylor & Brayden Haney DATE: 06/07/2023 ADDRESS: 238 Maverick Street, 342 Princeton Street, 263 Everett Street, 229 London Street, 131 Cottage Street, 154 Everett Street, 323 Beach Street & 32 Centennial Avenue MARKET: East Boston & Revere, MA ASSET TYPE: Package Deal BUYER: Matthew Wessels SELLER: Vladimir Khaynovsky BROKERS: Ryan Taylor (@RyKittyPur) & Brayden Haney (@Needmoclicquot) - Fortune Realty (@Fortune_Boston) SALE PRICE: $8,300,000 SF: 22,000 ~ PPSF: $377

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$442,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81