Tan Ravoi Acquires Multifamily Property On S Russell, Boston For $2.47M

A multifamily property located at 12 S Russell in Boston, MA was recently sold in a closed transaction. The property, with a total of 3 units, spans 3,118 square feet. The sale price for this generational asset was $2,470,000, resulting in a price per unit of $823,333 and a price per square foot of $792.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,470,000
• Date: 03/08/2022
• Address: 12 S Russell, Boston, MA
• Market: Boston, MA

Tan Ravoi was the buyer of the property, while David Thomas served as the seller. The sale was facilitated by Giancarlo Tiberi, representing Core Property Group. Giancarlo advised his clients to utilize a 1031 tax exchange, allowing them to successfully transfer their capital from California to the robust Boston market.

Core Property Group is an expert in sourcing, marketing, and selling investment properties. They also specialize in providing 1031 strategies and advice to their clients.