Updated Oct 29, 2024
Ricciardelli Capital Acquires Charlestown Multifamily For $1.55M
9 Hancock St, Boston, MA 02129, USA
$1,550,000
$45/SF
Building Size
33,810 SF
Asset Type
MultiFamily
Closing
Mar 26, 2020
About this deal
AI
A multifamily property located at 9-9A Hancock Street in Charlestown has been sold for a price of $1,550,000. The property spans a total of 3,381 square feet, resulting in a price per square foot of $458. The transaction took place on March 27, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Square Footage: 3,381
- Price per Square Foot: $458
- Address: 9-9A Hancock Street, Charlestown
- Market: Charlestown
The seller of the property was the Carvell Family. On the buyer's side, the property was acquired by Ricciardelli Capital, represented by Mario Ricciardelli. The transaction was facilitated by Justin Pepple from ABG Commercial Realty, who served as the broker.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93