Apisit Limlomwongse Acquires Mixed-Use Property In Boston For $8.8M
123-129 Salem Street, Boston, Massachusetts 02113, United States
$8,800,000
$832/SF
Building Size
10,566 SF
Asset Type
Mixed-use
Closing
May 2, 2022
AI
A mixed-use property located at 123-129 Salem St in Boston, MA, has been sold for a total transaction amount of $8,800,000. The property spans 10,566 square feet, resulting in a price per square foot of $833. The sale was finalized on 05/03/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,800,000
- Address: 123-129 Salem St, Boston, MA
- Market: Boston, MA
Apisit Limlomwongse of Nexus Innovation of Boston has acquired the property from Torrington Properties. Representing the buyer in this transaction was Kim Clark. On the other hand, John Federico from Foley/Federico - Great Metro served as the seller's representative. The deal was successfully closed with the involvement of these key individuals and companies.
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93