Fraser Allen Purchases Development Site At 546 East Broadway South Boston For $5.75M
546 East Broadway
$5,750,000
$429/SF
Building Size
13,400 SF
Asset Type
Development Site
Closing
Feb 13, 2026
AI
The development site located at 546 East Broadway in South Boston, MA was sold for $5,750,000. The property spans approximately 13,400 square feet, resulting in a price per square foot of $429.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $5,750,000
- Address: 546 East Broadway
- Market: South Boston, MA
- Square Footage: 13,400
- Price Per Square Foot: $429
- Buyer: Fraser Allen
- Broker Representation: Ryan Quinn & John Federico - Grove Property Group; Ryan Taylor - Fortune Realty
Fraser Allen acquired the property with the representation of brokers Ryan Quinn and John Federico from Grove Property Group, as well as Ryan Taylor from Fortune Realty, who assisted in the transaction process.
Players
South Boston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93