Updated Oct 28, 2024
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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93