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150 Commercial Street

Andy Constantin Acquires Multifamily Property On Boston's Commercial Street
SOLDMultiFamily

Andy Constantin Acquires Multifamily Property On Boston's Commercial Street

150 Commercial Street

$3,750,000

$566/SF

Building Size

6,623 SF

Asset Type

MultiFamily

Closing

Jul 16, 2021

AI

The multifamily property located at 150 Commercial Street in Boston, MA was recently sold in a closed transaction. The sale took place on 07/16/2021 with an asking price of $3,900,000 and a final sale price of $3,750,000. The property spans 6,623 square feet, resulting in a price per square foot of $566. It consists of 5 units, with a price per unit of $750,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Address: 150 Commercial Street, Boston, MA
  • Market: Boston, MA
  • Seller: Karen Cangiano
  • Buyer: Andy Constantin
  • Buyer's Representative: Giancarlo Tiberi & Zach Barron - Core Property Group

Giancarlo Tiberi and Zach Barron from Core Property Group represented the buyer, Andy Constantin, in the transaction. They played a crucial role in ensuring a successful deal for their client.

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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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93