Dylan Costello Of Coldwell Banker Facilitates $1.64M Multifamily Sale In Boston
SOLD
$1,640,000
Massachusetts
See Similar DealsMultiFamily
Sold 04/11/2024
SOLD
Dylan Costello Of Coldwell Banker Facilitates $1.64M Multifamily Sale In Boston
46 Thomas Park
See Similar DealsMultiFamily
Sold 04/11/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
Located at 46 Thomas Park in Boston, MA, the property involved in this transaction is a MultiFamily asset. The sale price for this property was $1,640,000, with a total area of 2,387 square feet, resulting in a price per square foot of $687.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,640,000
- Address: 46 Thomas Park
- Market: Boston, MA
- Seller: Jason Weissman
- Buyer's Rep: Dylan Costello - Coldwell Banker
- Seller's Rep: John Federico - Grove Property Group
Dylan Costello from Coldwell Banker represented the buyer in this deal, while John Federico from Grove Property Group served as the seller's representative. The successful transaction at 46 Thomas Park underscores the significance of professional real estate representation in property acquisitions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$87,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,826.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,774.44
Annual Debt Service$93,293.24
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