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138 K Street

Giancarlo Tiberi Sells 3-Unit MultiFamily In South Boston For $1.14M
SOLDMultiFamily

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.

Players

Giancarlo Tiberi

Core Property Group

Broker

$95.1M

vol

24 deals

Broker

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