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Matthew Marshall Of MGM Capital Acquires Multifamily Property In Boston For $13.5M

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SOLD
$13,500,000

Massachusetts

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MultiFamily12,171 SF
Sold 06/16/2025
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Property Image
SOLD

Matthew Marshall Of MGM Capital Acquires Multifamily Property In Boston For $13.5M

181 Commonwealth Avenue

See Similar Deals
MultiFamily12,171 SF
Sold 06/16/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,109
Total Square Footage:12,171 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 181 Commonwealth Avenue in Boston, MA. The sale price for this property was $13,500,000, with a total square footage of 12,171, resulting in a price per square foot of $1,109.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,500,000
  • Address: 181 Commonwealth Avenue
  • Market: Boston, MA
  • Square Footage: 12,171
  • Price Per Square Foot: $1,109
  • Buyer: Matthew Marshall - MGM Capital
  • Seller: Louis F Musco
  • Buyer's Representative: Jeffrey N Shuman - Luxury Residential Group
  • Seller's Representative: Paul Gleason

This transaction highlights the involvement of notable individuals in the real estate market, with Matthew Marshall representing MGM Capital as the buyer. Louis F Musco was the seller of the property, while Jeffrey N Shuman from Luxury Residential Group and Paul Gleason served respectively as the representatives for the buyer and seller in this deal.

Players

6 deals$57.2M volume
BROKER


Luxury Residential Group
BROKERAGE

Matthew Marshall
26 deals$144.4M volume
BUYER

Details

SOLD
IMAGE: Jeffrey N Shuman & Paul Gleason DATE: 6/16/2025 ADDRESS: 181 Commonwealth Avenue MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Matthew Marshall - MGM Capital SELLER: Louis F Musco BUYER'S REP: Jeffrey N Shuman (@JeffreynShuman) - Luxury Residential Group SELLER'S REP: Paul Gleason (@PaulJ._Gleason) SALE PRICE: $13,500,000 SF: 12,171 ~ PPSF: $1,109

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65