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3 Brewster St, South Boston...

Giancarlo Tiberi Acquires Multifamily Property In Boston, MA For $1.275M
SOLDMultiFamily

Giancarlo Tiberi Acquires Multifamily Property In Boston, MA For $1.275M

3 Brewster St, South Boston, Massachusetts 02127, United States

$1,275,000

$639/SF

Building Size

1,993 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

The multifamily property located at 3 Brewster St in Boston, MA was recently sold in a transaction that closed on 06/17/2022. The property was sold by DBD Properties and purchased by Giancarlo Tiberi for a total price of $1,275,000. The property consists of 2 units with a total square footage of 1,993, resulting in a price per unit of $637,500 and a price per square foot of $640.

Summary of transaction details

The sale of the property was facilitated by Ryan Bartlett from Greater Metropolitan Real Estate and John Federico Jr from the Foley/Federico Team. They represented the buyer and seller respectively in the transaction.

Players

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93