Updated Jun 10, 2026
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
About this deal
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.
On the Map
$3,650,000
$606/SF
MultiFamily
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Players
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