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:
- Property Type: Multifamily
- Transaction Amount: $1,301,000
- Units: 3
- Price per Unit: $433,667
- Square Footage: 1,782
- Price per Square Foot: $730
- Address: 24 Telegraph Street, South Boston, MA
- Market: South Boston, MA
- Buyer's Rep: Ryan Bartlett - Greater Metropolitan Real Estate
- Seller's Rep: Nicholas Bevilacqua - Horvath & Tremblay
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
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