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

Property Image
SOLD
$1,301,000

Massachusetts

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MultiFamily1,782 SF
Sold 05/15/2024
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Property Image
SOLD

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

24 Telegraph Street

See Similar Deals
MultiFamily1,782 SF
Sold 05/15/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$730
Total Square Footage:1,782 SF
Transaction Type:Sale

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
6 deals$14.4M volume
BROKER

Nicholas (Nick) Bevilacqua
Horvath & Tremblay
10 deals$16.4M volume(617) 202-4029
BROKER

Details

SOLD
IMAGE: Ryan Bartlett & Nicholas Bevilacqua DATE: 05/15/2024 ADDRESS: 24 Telegraph Street MARKET: South Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Ryan Bartlett (@RJBartlet) - Greater Metropolitan Real Estate (@GMREBoston) SELLER'S REP: Nicholas Bevilacqua - Horvath & Tremblay SALE PRICE: $1,301,000 UNITS: 3 ~ PPU: $433,667 SF: 1,782 ~ PPSF: $730 NOTE: 24 Telegraph St in Boston, MA, sold for $1,301,000, featuring a three-story building with three residential units, including two 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with the top floor unit recently renovated to offer luxury vinyl flooring, granite countertops, and stainless-steel appliances.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,622.19
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