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Dmitriy Shnitman And Vladimir Sirotin Acquire Retail Condo In Boston For $1.44M

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SOLD
$1,440,000

Massachusetts

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Retail3,529 SF
Sold 03/20/2026
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Property Image
SOLD

Dmitriy Shnitman And Vladimir Sirotin Acquire Retail Condo In Boston For $1.44M

185 Devonshire Street

See Similar Deals
Retail3,529 SF
Sold 03/20/2026
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$408
Total Square Footage:3,529 SF
Transaction Type:Sale

The property involved in this transaction is a retail condo located at 185 Devonshire Street in Boston, MA. This asset was sold for a transaction amount of $1,440,000, encompassing a total square footage of 3,529 with a price per square foot of $408.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,440,000
  • Square Footage: 3,529
  • Price Per Square Foot: $408
  • Buyer: Dmitriy Shnitman & Vladimir Sirotin
  • Buyer's Representative: Dmitriy Shnitman - Conviser Property Group
  • Date of Transaction: 3/20/2026
  • Market: Boston, MA

The transaction was executed by buyers Dmitriy Shnitman and Vladimir Sirotin, with Dmitriy Shnitman acting as the representative from Conviser Property Group. The buyers aimed to acquire a DoorDash occupied retail condo for repositioning purposes. A note from the buyer's representative mentions an interest in value-add retail, office, and development deals.

Players

Dmitriy Shnitman
1 deal$1.4M volume
BROKER

Dmitriy Shnitman
1 deal$1.4M volume
BUYER

Details

SOLD
IMAGE: Dmitriy Shnitman & Vladimir Sirotin DATE: 3/20/2026 ADDRESS: 185 Devonshire Street MARKET: Boston, MA ASSET TYPE: Retail BUYER: Dmitriy Shnitman & Vladimir Sirotin BUYER'S REP: Dmitriy Shnitman - Conviser Property Group (@ConviserPG) SALE PRICE: $1,440,000 SF: 3,529 ~ PPSF: $408 NOTE FROM BUYER'S REP: Acquired a dark DoorDash occupied retail condo for repositioning. Please send value-add retail, office, and development deals to [email protected].

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,116.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,826.33
Annual Debt Service$81,916.02