Updated Dec 4, 2024
Dylan Costello Of Coldwell Banker Facilitates $1.64M Multifamily Sale In Boston
46 Thomas Park
$1,640,000
Units
3
Asset Type
MultiFamily
Closing
Apr 11, 2024
About this deal
AI
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.
On the Map
$1,640,000
MultiFamily
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South 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
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93