Apisit Limlomwongse Acquires Mixed-Use Property In Boston For $8.8M
SOLD
$8,800,000
+ 1
Massachusetts
See Similar DealsMixed-use10,566 SF
Sold
SOLD
Apisit Limlomwongse Acquires Mixed-Use Property In Boston For $8.8M
123-129 Salem Street, Boston, Massachusetts 02113, United States
See Similar DealsMixed-use10,566 SF
Sold
+ 1
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$832
Total Square Footage:10566 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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