Updated Sep 9, 2024
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
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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93