Eduardo Pontoriero Purchases Multifamily Asset From Eric Shinrock & Patrick Mulroy For $2.85M
7 9 Wenham Street
$2,850,000
$536/SF
Building Size
5,312 SF
Asset Type
MultiFamily
Closing
May 5, 2025
AI
The asset involved in this transaction is a multifamily property located at 7-9 Wenham Street in Jamaica Plain, MA. The deal was finalized for $2,850,000, involving a total of 4 units. The size of the property is 5,312 square feet, which amounts to a price per unit of $712,500 and a price per square foot of $536.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Units: 4
- Square Footage: 5,312
- Price Per Unit: $712,500
- Price Per Square Foot: $536
- Buyer: Eduardo Pontoriero
- Seller: Eric Shinrock & Patrick Mulroy
- Broker: Tim McGeary - NorthEast Private Client Group
This transaction was facilitated by broker Tim McGeary from NorthEast Private Client Group, representing the seller, Eric Shinrock and Patrick Mulroy. Eduardo Pontoriero is the buyer who completed the purchase of the multifamily asset.
Players
Jamaica Plain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93