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
$8,300,000
$47/SF
Building Size
176,000 SF
Asset Type
Package Deal
Closing
Jun 7, 2023
AI
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
Boston Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93