Updated Sep 9, 2024
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.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93