Alpha Management Acquires Mixed-Use Asset At 161 Harvard Avenue In Boston For $12.25M
161 Harvard Avenue
$12,250,000
$299/SF
Building Size
40,892 SF
Asset Type
Mixed-use
Closing
Jun 22, 2026
AI
The mixed-use property located at 161 Harvard Avenue in Boston, MA, was sold for $12,250,000. The asset spans 40,892 square feet, resulting in a price per square foot of $299.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $12,250,000
- Buyer: Alpha Management
- Seller: Gerald Gordon
- Brokerage Firm: JLL
- Brokers Involved: Zach Nitsche, Joseph Marinaro, John Flaherty, Jon Bryant & Anthony Nakhle
This transaction highlights the involvement of Alpha Management as the buyer, with Gerald Gordon serving as the seller. The deal was facilitated by JLL, represented by a team of brokers, including Zach Nitsche, Joseph Marinaro, John Flaherty, Jon Bryant, and Anthony Nakhle.
Players
Market 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93