Dmitriy Shnitman And Vladimir Sirotin Acquire Retail Condo In Boston For $1.44M
185 Devonshire Street
$1,440,000
$408/SF
Building Size
3,529 SF
Asset Type
Retail
Closing
Mar 19, 2026
AI
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
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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93