facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Mixed Use

/

Sale

/

129 Tremont Street

SC Alpha Inc Acquires Mixed-Use Property On Tremont Street In Boston For $6.5M
SOLDMixed-use

SC Alpha Inc Acquires Mixed-Use Property On Tremont Street In Boston For $6.5M

129 Tremont Street

$6,500,000

$362/SF

Building Size

17,920 SF

Asset Type

Mixed-use

Closing

Dec 12, 2023

AI

The mixed-use property located at 129 Tremont Street in Boston, MA has been sold in a closed transaction. The property spans a total area of 17,920 square feet and was sold for a price of $6,500,000, resulting in a price per square foot of $363. The transaction took place on 12/12/2023.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $6,500,000
  • Square Footage: 17,920
  • Address: 129 Tremont Street, Boston, MA
  • Market: Boston, MA

The buyer of the property is SC Alpha Inc, represented by Apisit Limlomwongse. The seller is Frog Pond Realty LLC, represented by Walter Abrams. Kimberly Clark from Coldwell Banker assisted the buyer as their representative in the deal, while Adam Conviser and Jim Conviser from Conviser Property Group acted as the seller's representatives.

Players

Jim Conviser

Conviser Property Group

Broker

$13.2M

vol

4 deals

Broker

Apisit Limlomwongse

Buyer

$59.3M

vol

4 deals

Buyer

Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93