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24 Telegraph Street

Ryan Bartlett & Nicholas Bevilacqua Facilitate $1.3M Sale Of South Boston Multifamily
SOLDMultiFamily

Ryan Bartlett & Nicholas Bevilacqua Facilitate $1.3M Sale Of South Boston Multifamily

24 Telegraph Street

$1,301,000

$730/SF

Building Size

1,782 SF

Asset Type

MultiFamily

Closing

May 15, 2024

AI

The property at 24 Telegraph Street in South Boston, MA, was sold for $1,301,000. The multifamily asset comprises a three-story building with three residential units - two 1-bedroom/1-bathroom units and one recently renovated 2-bedroom/1-bathroom unit. The top floor unit now offers luxury vinyl flooring, granite countertops, and stainless-steel appliances.

Summary of transaction details:

Ryan Bartlett represented the buyer in the transaction, working with Greater Metropolitan Real Estate. On the other side, Nicholas Bevilacqua, from Horvath & Tremblay, acted as the seller's representative. The deal involved a property that offers a mix of 1-bedroom and 2-bedroom units, with a top-floor unit that received significant upgrades to enhance its appeal.

Players

Ryan Bartlett

Greater Metropolitan Real Estate

Broker

$14.4M

vol

6 deals

Broker

South 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

12.19%

Cash-on-Cash

-3.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93