Fantini & Gorga Brokers $5.5M Loan For Mixed-Use Property On Newbury St, Boston, MA
163 Newbury Street, Boston, Massachusetts 02116, United States
$5,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 17, 2023
AI
The mixed-use property located at 163 Newbury St in Boston, MA was recently involved in a closed transaction. The loan amount for this deal was $5,500,000. The property consists of both residential and commercial spaces, making it suitable for a variety of purposes.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $5,500,000
- Address: 163 Newbury St, Boston, MA
- Market: Boston, MA
Derek Coulombe from Fantini & Gorga served as the broker for this transaction. His expertise and knowledge in the market helped facilitate the deal and ensure a successful outcome for all parties involved.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93