Salvatore Capital Partners Purchases Retail Property From Dr. Sami David For $3.8M In Boston
SOLD
$3,800,000
Massachusetts
See Similar DealsRetail4,000 SF
Sold 10/25/2024
SOLD
Salvatore Capital Partners Purchases Retail Property From Dr. Sami David For $3.8M In Boston
122 Cambridge Street
See Similar DealsRetail4,000 SF
Sold 10/25/2024
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$950
Total Square Footage:4,000 SF
Transaction Type:Sale
The retail property located at 122 Cambridge Street in Boston, MA was sold for $3,800,000. The asset encompasses a total area of 4,000 square feet, translating to a price per square foot of $950.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 122 Cambridge Street
- Market: Boston, MA
- Buyer: Salvatore Capital Partners
- Seller: Dr. Sami David
- Brokers: Joe Wagner & Whitney Gallivan - Boston Realty Advisors
Joe Wagner and Whitney Gallivan represented the buyer, Salvatore Capital Partners, in this transaction, facilitating the sale process on their behalf while ensuring all necessary details were addressed effectively.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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