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
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