Core Investments Sells Mixed-Use Property At 416-418 West Broadway In South Boston For $15.9M
416 418 West Broadway
$15,900,000
$704/SF
Building Size
22,581 SF
Asset Type
Mixed-use
Closing
Mar 7, 2025
AI
The property involved in this transaction is a mixed-use asset located at 416-418 West Broadway in South Boston, MA. The sale was finalized for a total of $15,900,000, encompassing a total square footage of 22,581 and translating to a price per square foot of $704.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $15,900,000
- Address: 416-418 West Broadway
- Market: South Boston, MA
- Square Footage: 22,581
- Price Per Square Foot: $704
- Seller: Core Investments
- Brokers: Kevin Benzinger, Jason Weissman, Nicholas Herz & Joe Wagner - Boston Realty Advisors
The transaction involved the brokerage team of Kevin Benzinger, Jason Weissman, Nicholas Herz, and Joe Wagner representing the seller, Core Investments. Their expertise facilitated the successful closing of this mixed-use property deal in a prominent market.
Players
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93