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43 Sheafe Street

Giancarlo Tiberi Of Core Property Group Facilitates $2.7M Sale In Boston MultiFamily
SOLDMultiFamily

Giancarlo Tiberi Of Core Property Group Facilitates $2.7M Sale In Boston MultiFamily

43 Sheafe Street

$2,700,000

$676/SF

Building Size

3,990 SF

Asset Type

MultiFamily

Closing

May 1, 2024

AI

The property located at 43 Sheafe Street in Boston, MA, is a 4-unit multifamily asset spanning 3,990 square feet. The sale price for this property was $2,700,000, reflecting a unit price of $675,000 and a price per square foot of $677. The asset boasts great window exposure, overlooking the Prince Street Park in the North End.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,700,000
  • Units: 4
  • Price per Unit: $675,000
  • Square Footage: 3,990
  • Price per Square Foot: $677
  • Address: 43 Sheafe Street, Boston, MA
  • Market: Boston, MA

Giancarlo Tiberi, representing Core Property Group, facilitated the transaction of this generational asset. Core Property Group, a market leader in multifamily assets in Greater Boston and surrounding areas, oversees a $200 million asset under management. With 20 years of experience, Giancarlo Tiberi and the firm offer full management services, a leasing team, and a development division, providing expert guidance to clients across market cycles.

Players

Giancarlo Tiberi

Core Property Group

Broker

$95.1M

vol

24 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93