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Melih Motro Purchases Multifamily Property From Michael Krug In South Boston For $1.56M

Property Image
SOLD
$1,557,750
John Federico
Ryan Quinn

Massachusetts

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MultiFamily3,284 SF
Sold
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Property Image
SOLD

Melih Motro Purchases Multifamily Property From Michael Krug In South Boston For $1.56M

193 195 N Street

See Similar Deals
MultiFamily3,284 SF
Sold
John Federico
Ryan Quinn
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$474
Total Square Footage:3284 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 193-195 North Street in South Boston, MA. The sale price was $1,557,750 for a total of 2 units, resulting in a price per unit of $778,875. The overall square footage of the property is 3,284, with a price per square foot calculated at $474.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,557,750
  • Units: 2
  • Price Per Unit: $778,875
  • Square Footage: 3,284
  • Price Per Square Foot: $474
  • Buyer: Melih Motro
  • Seller: Michael Krug
  • Brokers: Ryan Quinn & John Federico - Grove Property Group

The key individuals involved in this transaction are Melih Motro, the buyer, and Michael Krug, the seller. They were represented in the deal by Ryan Quinn and John Federico from Grove Property Group, ensuring a professional handling of the transaction.

Players

John Federico
Grove Property Group
John Federico
52 deals$174M volume(617) 812-9035
BROKER
Ryan Quinn
Grove Property Group
Ryan Quinn
40 deals$135.8M volume(617) 285-9363
BROKER

Details

SOLD
IMAGE: Ryan Quinn & John Federico DATE: 02/28/2025 ADDRESS: 193-195 North Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER: Melih Motro SELLER: Michael Krug BROKERS: Ryan Quinn (@_RyanQuinn) & John Federico (@GPGBoston) - Grove Property Group SALE PRICE: $1,557,750 UNITS: 2 ~ PPU: $778,875 SF: 3,284 ~ PPSF: $474

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$83,080.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,534.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,384.53
Annual Debt Service$88,614.36