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:
- 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.
Players
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