Tony Wine Sells Mixed-Use Property At 266-268 Newbury Street Boston For $8 Million
266 Newbury Street & 268 Newbury Street
$8,000,000
$307/SF
Building Size
26,000 SF
Asset Type
Mixed-use
Closing
Aug 8, 2024
AI
The property asset involved in this transaction is located at 266-268 Newbury Street in Boston, MA. It is a mixed-use property with a total square footage of 13,000. The sale price of the asset was $8,000,000, which translates to a price per square foot of $615.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Address: 266-268 Newbury Street
- Market: Boston, MA
- Square Footage: 13,000
- Price per Square Foot: $615
- Seller: Tony Wine
- Buyer's Representative: Herb Entwistle - Cityscapes International Realty
- Seller's Representatives: Stephen R. Pleines - Eastern Land Company & Paul Gleason - Fairfield Realty Group
The transaction included key participants in the real estate market. Herb Entwistle represented the buyer while the seller was represented by Stephen R. Pleines and Paul Gleason, highlighting the collaboration among different agencies in the transaction process.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93