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
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