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7 Union Park, South End, Bo...

Wendy Traynor Acquires Multifamily Property In South End, Boston For $6.75M
SOLDMultiFamily

Wendy Traynor Acquires Multifamily Property In South End, Boston For $6.75M

7 Union Park, South End, Boston, Massachusetts, USA

$6,750,000

$1,038/SF

Building Size

6,497 SF

Asset Type

MultiFamily

Closing

Feb 25, 2021

AI

Located in the South End neighborhood of Boston, Massachusetts, a multifamily property at 7 Union Park has been sold in a recent transaction. The sale took place on February 26, 2021, and was facilitated by brokers John Neale and Brad Sprogis of Sprogis Neale Real Estate. The property, measuring 6,497 square feet, consists of four units, making it an attractive investment opportunity in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,750,000
  • Address: 7 Union Park, South End, Boston MA
  • Market: South End, Boston MA

William E. Wilson served as the seller in this transaction, while Wendy Traynor, representing Traynor Management, acted as the buyer. With a sale price of $6,750,000, the property was valued at an average price per square foot of $1,039. This indicates a solid investment opportunity for Wendy Traynor and Traynor Management, who purchased the property at a price point of $1,687,500 per unit.

Players

John Neale

Broker

$22.5M

vol

6 deals

Broker

Boston 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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93