facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

24 Un Pk St Boston, MA 0211...

Boston's South End Sees Record-Breaking Residential Building Sale At 24 Union Park
SOLDMultiFamily

Boston's South End Sees Record-Breaking Residential Building Sale At 24 Union Park

24 Un Pk St Boston, MA 02118, USA

$12,100,000

$1,985/SF

Building Size

6,093 SF

Asset Type

MultiFamily

Closing

Jun 21, 2023

AI

The record-breaking sale of a residential building in South End, Boston, has set a new benchmark in the market. The property, located at 24 Union Park, has been sold for a staggering $12,100,000. This multi-family asset spans across 6,093 square feet and consists of 2 units. The per unit price for this transaction equates to $6,050,000, while the price per square foot stands at $1,986. The sale of this property represents the highest residential building sale ever recorded in South End, making it a significant milestone in the real estate history of the area.

Summary of transation details

  • Property Type: MultiFamily
  • Transaction Amount: $12,100,000
  • Units: 2
  • Price Per Unit: $6,050,000
  • Square Footage: 6,093
  • Price Per Square Foot: $1,986
  • Address: 24 Union Park, Boston, MA
  • Market: Boston, MA

This remarkable deal was overseen by Rene Rodriguez of Cabot & Company, representing the seller. Through his expertise and negotiation skills, Rodriguez successfully closed the transaction, setting a new record in the residential property market of South End, Boston. His exceptional work has solidified his position as a reputable broker in the industry.

Players

Rene Rodriguez

Cabot & Company

Broker

$88.2M

vol

10 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.31%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93