Updated Dec 21, 2023
$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.
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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93