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7 9 Wenham Street

Eduardo Pontoriero Purchases Multifamily Asset From Eric Shinrock & Patrick Mulroy For $2.85M
SOLDMultiFamily

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

Tim McGeary

NorthEast Private Client Group

Broker

$67.8M

vol

15 deals

Broker
NorthEast Private Client Group
NorthEast Private Client GroupBrokerage

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