Updated Oct 28, 2024
J. David Brymesser Acquires Retail Property On 124 Salem Street, Boston For $1.07M
124 Salem Street, Boston, MA, USA
$1,070,000
$589/SF
Building Size
1,814 SF
Asset Type
Retail
Closing
May 21, 2020
About this deal
AI
An 1,814 square foot retail property located at 124 Salem Street in Boston, MA was recently sold in a transaction. The property was sold by Rafi Properties to J. David Brymesser for a sale price of $1,070,000. The property had an asking price of $1,150,000, resulting in a price per square foot of $590.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,070,000
- Address: 124 Salem Street, Boston, MA
- Square Footage: 1,814
- Asking Price: $1,150,000
- Price Per Square Foot: $590
The deal was facilitated by brokers Joe Wagner, Whitney Gallivan, and Anthony Bruno.
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
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93