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122 Cambridge Street

Salvatore Capital Partners Purchases Retail Property From Dr. Sami David For $3.8M In Boston
SOLDRetail

Salvatore Capital Partners Purchases Retail Property From Dr. Sami David For $3.8M In Boston

122 Cambridge Street

$3,800,000

$950/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Oct 25, 2024

AI

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:

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.

Players

Joe Wagner

Boston Realty Advisors

Broker

$88.9M

vol

16 deals

Broker

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93