facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

49 Thomas Park

Updated Sep 9, 2024

Michael Conners Acquires Multifamily Property In Boston, MA For $1.5M
SOLDMultiFamily

Michael Conners Acquires Multifamily Property In Boston, MA For $1.5M

49 Thomas Park

$1,500,000

$540/SF

Building Size

2,776 SF

Asset Type

MultiFamily

Closing

Oct 25, 2022

About this deal

AI

A multifamily property located at 49 Thomas Park in Boston, MA, has been sold for a total price of $1,500,000. The property consists of three units, with a price per unit of $500,000. It spans a total square footage of 2,776, resulting in a price per square foot of $540.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 3
  • Price Per Unit: $500,000
  • Total Square Footage: 2,776
  • Price Per Square Foot: $540
  • Date: 10/25/2022
  • Address: 49 Thomas Park, Boston, MA
  • Market: Boston, MA

The buyer of the property is Michael Conners, while the seller is Marylou Diangelis. The transaction was facilitated by Ryan Quinn and John Federico from Greater Metropolitan Real Estate, who represented both parties in the deal.

Players

John Federico

Grove Property Group

Broker

$193.7M

vol

55 deals

Broker

Marylou Diangelis

Seller

$3M

vol

2 deals

Seller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $540 per square foot on a published $1.5M for 2,776 square feet (2022).

Visit John Federico to view all their deals.

Browse Boston multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets