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
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93