Updated Sep 9, 2024
Michael Conners Acquires Multifamily Property In Boston, MA For $1.5M
49 Thomas Park, South Boston, Massachusetts 02127, United States
$1,500,000
$540/SF
Building Size
2,776 SF
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
A multifamily property located at 49 Thomas Park in Boston, MA has been sold for a price of $1,500,000. The property consists of 3 units with a total square footage of 2,776. The price per unit is approximately $500,000, and the price per square foot is around $540.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Square Footage: 2,776
- Price Per Unit: $500,000
- Price Per Square Foot: $540
The buyer of the property is Michael Conners, and the seller is Marylou Diangelis. The deal was facilitated by brokers Ryan Quinn and John Federico from Greater Metropolitan Real Estate.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93