Updated Dec 21, 2023
Monica Nath & Anuj Nath Acquire Parking Lot On Newbury St, Boston For $1.94M
425 Newbury St, Boston, MA, USA
$1,940,000
$107/SF
Building Size
18,000 SF
Asset Type
Other
Closing
Jun 10, 2021
About this deal
AI
A parking lot located at 425 Newbury St in Boston, MA has been sold for a price of $1,940,000. The property is characterized by its prime location in the heart of Boston, offering convenient parking options for nearby businesses and residents.
Summary of transaction details
- Property Type: Parking Lot
- Transaction Amount: $1,940,000
- Address: 425 Newbury St, Boston, MA
James N. Sykes was the seller of the parking lot, while Monica Nath & Anuj Nath emerged as the buyers. The deal represents an important transaction in the real estate market, with both parties seeking to capitalize on the value and potential of this well-positioned parking lot.
Players
Boston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.18%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93