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53-59 Dartmouth Street

Stephen R. Pleines Of Eastern Land Company Represents Buyer In Boston Mixed-Use Sale For $3.575M
SOLDMixed-use

Stephen R. Pleines Of Eastern Land Company Represents Buyer In Boston Mixed-Use Sale For $3.575M

53-59 Dartmouth Street & 127 Warren Avenue

$3,575,000

$567/SF

Building Size

6,300 SF

Asset Type

Mixed-use

Closing

Jul 15, 2024

AI

A mixed-use property was sold in Boston’s South End for $3.575 million. The building, located at 53-59 Dartmouth Street and 127 Warren Ave, consists of 3,150 square feet. This property features three commercial units on the ground floor and two residential units on the upper floors, along with a roof deck. The transaction was completed off-market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,575,000
  • Square Footage: 3,150
  • Price per Square Foot: $1,135
  • Buyer’s Representative: Stephen R. Pleines - Eastern Land Company
  • Seller’s Representative: Brett Star - Star Residential

Stephen R. Pleines represented the buyer, Eastern Land Company, while Brett Star represented the seller, Star Residential. This transaction showcases the collaborative efforts of these representatives in facilitating the off-market sale.

Players

Stephen R. Pleines

Eastern Land Company

Broker

$11.6M

vol

2 deals

Broker

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

4.44%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93