Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,140,000
$445/SF
MultiFamily
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South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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