Updated Oct 28, 2024
88 Nowa, LLC Acquires Development Site On North Washington For $2.85M From Seller LIMAC Realty
86-88 North Washington Street, Boston, MA, USA
$2,850,000
$79/SF
Building Size
36,013 SF
Asset Type
Development Site
Closing
Jun 1, 2020
About this deal
AI
Located at 88 North Washington in Boston, MA, this development site was recently sold in a closed transaction. The property, owned by LIMAC Realty, LLC, was purchased by 88 Nowa, LLC for a total price of $2,850,000. The sale of the site was facilitated by the brokers Chris Sower, Jon Bryant, John Flaherty, Bruce Lusa, and Kevin Jones from Cushman & Wakefield. The transaction took place on 06/01/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,850,000
- Address: 88 North Washington, Boston, MA
- Market: Boston, MA
- Brokers: Chris Sower, Jon Bryant, John Flaherty, Bruce Lusa, and Kevin Jones - Cushman & Wakefield
Notable individuals involved in this transaction include Kevin Jones, Chris Sower, Jon Bryant, Bruce Lusa, and John Flaherty. They played key roles as representatives of the buyer, seller, and brokers. The development site spans a total area of 36,013 square feet, with a price per square foot of $79.
Players
Boston Development Site Market Snapshot
Boundary boundary · Development Site · 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