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152 Salem Street, Boston, M...

Updated Sep 9, 2024

John Federico, Ryan Foley & Giancarlo Tiberi Acquire Multifamily Property In Boston, MA For $3.7M
SOLDMultiFamily

John Federico, Ryan Foley & Giancarlo Tiberi Acquire Multifamily Property In Boston, MA For $3.7M

152 Salem Street, Boston, MA, USA

$3,725,000

$689/SF

Building Size

5,400 SF

Asset Type

MultiFamily

Closing

May 25, 2020

About this deal

AI

An 5,400 square foot multifamily property located at 152 Salem Street in Boston, MA was recently sold in a transaction. The property consists of 9 units and was sold for a sale price of $3,725,000. The asking price for the property was $3,800,000, resulting in a price per square foot of $699. The price per unit was approximately $413,890. Giancarlo Tiberi from orePropertyGroup represented the seller in the transaction, while John Federico from RealEstateFed and Ryan Foley were the buyer's representatives.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,725,000
  • Address: 152 Salem Street, Boston, MA
  • Market: Boston, MA
  • Asking Price: $3,800,000
  • Square Footage: 5,400 sqft
  • Units: 9
  • Price Per Square Foot: $699
  • Price Per Unit: $413,890

Giancarlo Tiberi represented the seller in the transaction, while John Federico and Ryan Foley represented the buyer. The sale took place on 05/25/2021.

Players

Giancarlo Tiberi

Core Property Group

Broker

$95.1M

vol

24 deals

Broker
Greater Metropolitan Real Estate
Greater Metropolitan Real EstateBrokerage

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $689 per square foot on a published $3.7M for 5,400 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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