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142 Prince Street, Boston, ...

Updated Dec 21, 2023

$1.47M Multifamily Property Sale At 142 Prince St In Boston, MA By Giancarlo Tiberi OrePropertyGroup
SOLDMultiFamily

$1.47M Multifamily Property Sale At 142 Prince St In Boston, MA By Giancarlo Tiberi OrePropertyGroup

142 Prince Street, Boston, MA, USA

$1,470,000

$518/SF

Building Size

2,835 SF

Asset Type

MultiFamily

Closing

Dec 21, 2020

About this deal

AI

On December 22, 2020, a multifamily property located at 142 Prince Street in Boston, MA was sold. The property, with a total area of 2,835 square feet, was listed for an asking price of $1,470,000. The transaction was handled by Giancarlo Tiberi of orePropertyGroup. The sale was eventually closed at the same price of $1,470,000, resulting in a price per square foot of $518. The property consists of three units, with an average price per unit of $490,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,470,000
  • Address: 142 Prince Street, Boston, MA
  • Market: Boston, MA
  • Asking Price: $1,470,000
  • Sale Price: $1,470,000
  • SF: 2,835
  • PPSF: $518
  • Units: 3
  • PPU: $490,000

Giancarlo Tiberi of orePropertyGroup acted as the broker for the transaction. This successful sale showcases the expertise and professionalism of Giancarlo Tiberi and the team at orePropertyGroup.

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 $518 per square foot on a published $1.5M for 2,835 square feet (2020).

Visit Giancarlo Tiberi to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.79%

Cash-on-Cash

-3.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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