Giancarlo Tiberi Sells 3-Unit MultiFamily In South Boston For $1.14M
138 K Street
$1,140,000
$445/SF
Building Size
2,559 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
AI
Located at 138 K Street in South Boston, MA, this multi-family property consists of 3 units spanning 2,559 square feet. The sale price for this generational asset was $1,140,000, equating to a price per unit of $380,000 and a price per square foot of $445.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,140,000
- Units: 3
- Price Per Unit: $380,000
- Square Footage: 2,559
- Price Per Square Foot: $445
- Address: 138 K Street, South Boston, MA
- Market: South Boston, MA
- Seller: Thomas Wojtkowski
- Buyer's Rep: Giancarlo Tiberi - Core Property Group
Giancarlo Tiberi, representing Core Property Group, facilitated the sale of this property. Core Property Group, a market leader in the Greater Boston area, manages $200 million in assets under management. The firm is well-versed in marketing, acquiring, and selling multi-family properties. Additionally, Core Property Group offers property management services, has a dedicated leasing team, and engages in development projects. With extensive experience and deep market knowledge, Core Property Group guides their clients across various market cycles.
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93