Collin Bray Acquires Mixed-Use Property In Boston For $3.97M
232 Clarendon Street, Boston, MA, USA
$3,969,000
$708/SF
Building Size
5,600 SF
Asset Type
Mixed-use
Closing
Jan 5, 2021
AI
A mixed-use property located at 232 Clarendon Street in Boston has been sold for a price of $3,969,000. The property spans approximately 5,600 square feet and was sold on January 6, 2021. The asking price for the property was $4,900,000, resulting in a sale price per square foot of $709. The sale transaction was represented by David Mackie on behalf of the seller and Collin Bray from Century21Cityside representing the buyer.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $3,969,000
- Address: 232 Clarendon Street, Boston
- Square Footage: 5,600
- Asking Price: $4,900,000
- Price per Square Foot: $709
- Seller's Representative: David Mackie
- Buyer's Representative: Collin Bray - Century21Cityside
The transaction, which took place on January 6, 2021, involved Collin Bray from Century21Cityside representing the buyer and David Mackie representing the seller. This sale represents a significant deal in the Boston market, with a sale price of $3,969,000 for the mixed-use property located at 232 Clarendon Street.
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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
4.00%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93