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185 Devonshire Street

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

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

Dmitriy Shnitman

Conviser Property Group

Broker

$1.4M

vol

1 deal

Broker
Dmitriy Shnitman

Dmitriy Shnitman

Buyer

$1.4M

vol

1 deal

Buyer

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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