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428-432 East Third Street

Livio Ferrara Purchases Multifamily Asset From David Pogorelc In South Boston For $3.65M
SOLDMultiFamily

Livio Ferrara Purchases Multifamily Asset From David Pogorelc In South Boston For $3.65M

428-432 East Third Street

$3,650,000

$606/SF

Building Size

6,018 SF

Asset Type

MultiFamily

Closing

Apr 29, 2026

AI

The property asset involved in the transaction is located at 428-432 East Third Street, South Boston, MA. This multifamily asset features 9 units within a total square footage of 6,018, with a price per unit of $405,555 and a price per square foot of $606. The sale price for the transaction was set at $3,650,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,650,000
  • Units: 9
  • Square Footage: 6,018
  • Price Per Unit: $405,555
  • Price Per Square Foot: $606
  • Buyer: Livio Ferrara
  • Seller: David Pogorelc
  • Brokers: Dennis Kelleher, John Pentore & Nicholas Bevilacqua - Horvath & Tremblay
  • Date of Transaction: 4/30/2026

This transaction involved key individuals including buyer Livio Ferrara and seller David Pogorelc. The brokerage team representing the deal was comprised of Dennis Kelleher, John Pentore, and Nicholas Bevilacqua from Horvath & Tremblay.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$558.5M

vol

95 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93