Updated Oct 28, 2024
Alan E. Lewis Acquires Mixed-Use Property In Boston, MA For $10M
12-18 Lagrange St, Boston, Massachusetts, USA
$10,000,000
$736/SF
Building Size
13,575 SF
Asset Type
Mixed-use
Closing
Jul 26, 2021
About this deal
AI
The mixed-use property located at 12-18 Lagrange St in Boston, MA has been sold for a total price of $10,000,000. The property spans a total area of 13,575 square feet, resulting in a price per square foot of $737.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 12-18 Lagrange St, Boston, MA
- Market: Boston, MA
- Seller: Joshua Nt & Jh Llc Tr
- Buyer: Alan E. Lewis
The buyer, Alan E. Lewis, acquired the property from the seller, Joshua Nt & Jh Llc Tr. The transaction marks a significant deal in the Boston real estate market, showcasing the demand for mixed-use properties in the area.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93