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139 High Street, Charlestow...

Updated Dec 19, 2023

Core Property Group Sells Multifamily Property On High Street In Charlestown, MA For $1.265M
SOLDMultiFamily

Core Property Group Sells Multifamily Property On High Street In Charlestown, MA For $1.265M

139 High Street, Charlestown, Massachusetts, USA

$1,265,000

$555/SF

Building Size

2,276 SF

Asset Type

MultiFamily

Closing

Jul 8, 2020

About this deal

AI

A multifamily property located at 139 High Street in Charlestown, MA has recently been sold. The transaction took place on 07/08/2021 and was facilitated by Giancarlo Tiberi of Core Property Group. The asking price for the property was $1,275,000, and it was sold for $1,265,000. The property spans across 2,276 square feet, resulting in a price per square foot of $556. It consists of three units, with an average price per unit of $421,666.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,265,000
  • Address: 139 High Street, Charlestown, MA
  • Market: Charlestown, MA
  • Broker: Giancarlo Tiberi - Core Property Group
  • Asking Price: $1,275,000
  • Square Footage: 2,276
  • Price per Square Foot: $556
  • Number of Units: 3
  • Price per Unit: $421,666

This transaction showcases the expertise of Giancarlo Tiberi from Core Property Group in facilitating the sale of the multifamily property at 139 High Street. The successful negotiation resulted in a sale price of $1,265,000, meeting the expectations of the buyer and seller.

Players

Giancarlo Tiberi

Core Property Group

Broker

$95.1M

vol

24 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $555 per square foot on a published $1.3M for 2,276 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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