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Kirsten McEleney Of KM Development LLC Sells Multifamily Property In South Boston For $2.6M

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SOLD
$2,600,000

Massachusetts

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MultiFamily5,673 SF
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Kirsten McEleney Of KM Development LLC Sells Multifamily Property In South Boston For $2.6M

421 East Sixth Street

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MultiFamily5,673 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:5673 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 421 East Sixth Street, South Boston, MA. It was sold for $2,600,000, comprising 2 units with a total square footage of 5,673. The price per unit is $1,300,000, and the price per square foot amounts to $458.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 421 East Sixth Street
  • Market: South Boston, MA
  • Units: 2
  • PPU: $1,300,000
  • SF: 5,673
  • PPSF: $458
  • Seller: Kirsten McEleney - KM Development LLC
  • Buyer's Representative: Jorge Sariego - Boston One Realty Group
  • Seller's Representative: Kirsten McEleney - KM Real Estate Group
  • Zoning Counsel: Michael Welsh, Esq.

Kirsten McEleney played a dual role in this transaction, acting as both the seller and the buyer’s agent. She secured ZBA approval for a 4-unit townhouse development, which was subsequently assigned to a local builder-developer. Jorge Sariego is the broker-owner of Boston One Realty Group and an Associate Broker at @Serhant. Kirsten and Jorge will collaborate as co-listing agents for the townhouses upon project completion, which will feature various amenities.

Players

Jorge Sariego
2 deals$5M volume(617) 704-0921
BROKER

Kirsten McEleney
K&M Real Estate Group
6 deals$12.3M volume(781) 307-8843
BROKER

Details

SOLD
IMAGE: Kirsten McEleney & Jorge Sariego DATE: 07/12/2024 ADDRESS: 421 East Sixth Street MARKET: South Boston, MA ASSET TYPE: Multifamily SELLER: Kirsten McEleney - KM Development LLC (@KM_Development) BUYER'S REP: Jorge Sariego (@Jorge.Sariego) - Boston One Realty Group SELLER'S REP: Kirsten McEleney (@KirstenRealEstate) - KM Real Estate Group (@KMRealEstateGroup) ZONING COUNSEL: Michael Welsh, Esq. (@BostonRealEstateAttorney) SALE PRICE: $2,600,000 UNITS: 2 ~ PPU: $1,300,000 SF: 5,673 ~ PPSF: $458 NOTE FROM SELLER'S REP: Kirsten McEleney acted as buyer and buyer’s agent under a contract with the prior owner of 421 East 6th Street to secure ZBA approval for a 4-unit townhouse development. After the project received approval, Kirsten and Jorge Sariego brokered a deal to assign the contract and permits to a local builder-developer who will now move forward with construction. Michael Welsh represented Kirsten in the zoning process and structured the assignment transaction. Jorge is the broker-owner of Boston One Realty Group and an Associate Broker at @Serhant for sales in NYC and the Hamptons. Kirsten and Jorge will be co-listing the townhouses upon completion. Each home will feature a 2-car garage, approximately 2,400 square feet of living space, 4 bedrooms, and sweeping views of the ocean and city skyline from the primary suite on the 4th floor, topped by a large private roof deck. Follow @421eastsixth for project updates.

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