Fraser Allen Purchases Development Site At 546 East Broadway South Boston For $5.75M
SOLD
$5,750,000
Massachusetts
See Similar DealsDevelopment Site13,400 SF
Sold 02/13/2026
SOLD
Fraser Allen Purchases Development Site At 546 East Broadway South Boston For $5.75M
546 East Broadway
See Similar DealsDevelopment Site13,400 SF
Sold 02/13/2026
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$429
Total Square Footage:13,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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