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139 High Street

Updated Sep 9, 2024

Cynthia Rileren Acquires Multifamily Property In Charlestown For $1.6M
SOLDMultiFamily

Cynthia Rileren Acquires Multifamily Property In Charlestown For $1.6M

139 High Street

$1,600,000

$703/SF

Building Size

2,276 SF

Asset Type

MultiFamily

Closing

May 12, 2023

About this deal

AI

An asset at 139 High Street in Charlestown, MA has been sold in a multifamily transaction. The property consists of 3 units with a total square footage of 2,276. The sale price for the property was $1,600,000, resulting in a price per unit of $533,333 and a price per square foot of $703.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 3
  • Price per Unit: $533,333
  • Square Footage: 2,276
  • Price per Square Foot: $703

Giancarlo Tiberi of Core Property Group represented the buyer, Cynthia Rileren, in the sale of this property. The seller, Meredith Ahr, was represented by Giancarlo Tiberi as well. It's worth noting that Giancarlo Tiberi has previously sold this property twice within the past two years. Core Property Group specializes in the procurement, marketing, and disposition of investment properties.

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 $703 per square foot on a published $1.6M for 2,276 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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