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21 Essex St, Charlestown, M...

Updated Oct 28, 2024

Meg Tat Acquires Multifamily Property In Charlestown For $1.45M
SOLDMultiFamily

Meg Tat Acquires Multifamily Property In Charlestown For $1.45M

21 Essex St, Charlestown, MA 02129

$1,450,000

$623/SF

Building Size

2,327 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

About this deal

AI

Located in Charlestown, MA, this multifamily property at 21 Essex St has recently been sold for a price of $1,450,000. The buyer, Meg Tat, acquired this property from the seller, AHR. The sale was facilitated by Giancarlo Tiberi from Core Property Group, who represented both the buyer and the seller in the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Address: 21 Essex St, Charlestown, MA
  • Market: Charlestown, MA
  • Buyer: Meg Tat
  • Seller: AHR
  • Broker: Giancarlo Tiberi - Core Property Group

With a total of 3 units, this multifamily property has a price per unit (PPU) of $483,333. The property spans a total of 2,327 square feet, resulting in a price per square foot (PPSF) of $623. Giancarlo Tiberi, the president of Core Property Group, played a crucial role in the successful completion of this transaction.

It is worth noting that Core Property Group specializes in the sourcing, marketing, and sale of investment properties. For more information, interested parties can contact Giancarlo Tiberi at [email protected] or visit the website at www.bostoncpg.com. Giancarlo can also be reached at 617-909-9191.

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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Deal FAQ

About $623 per square foot on a published $1.5M for 2,327 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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