Peter Lou Acquires Multifamily Asset At 29 G Street South Boston From Greg Goldman For $1.56M
29 G Street
$1,560,000
$1,065/SF
Building Size
1,464 SF
Asset Type
MultiFamily
Closing
Sep 4, 2025
AI
The property involved in this transaction is a multifamily asset located at 29 G Street, South Boston, MA. The sale price was $1,560,000, and the property consists of 2 units totaling 1,464 square feet, resulting in a price per unit of $780,000 and a price per square foot of $1,065.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,560,000
- Units: 2
- Square Footage: 1,464
- Price Per Unit: $780,000
- Price Per Square Foot: $1,065
- Buyer: Peter Lou
- Seller: Greg Goldman
- Broker: Giancarlo Tiberi - Core Property Group
This transaction was facilitated by Giancarlo Tiberi, Principal of Core Property Group, who represented both the buyer and seller. Core Property Group is noted for its leadership in the multifamily asset sector within Greater Boston and has a portfolio managing assets valued at $200 million, supported by 20 years of industry experience in property management, leasing, and development services.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93