Alan E. Lewis Acquires Mixed-Use Property In Boston, MA For $10M
SOLD
$10,000,000
Massachusetts
See Similar DealsMixed-use13,575 SF
Sold 07/27/2021
SOLD
Alan E. Lewis Acquires Mixed-Use Property In Boston, MA For $10M
12-18 Lagrange St, Boston, Massachusetts, USA
See Similar DealsMixed-use13,575 SF
Sold 07/27/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$736
Total Square Footage:13,575 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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