Updated Dec 18, 2023
Derek S. Brady Acquires Retail Property In Chinatown - Leather District For $3.8M
228 Tremont St, Boston, MA 02116, USA
$3,800,000
$2,676/SF
Building Size
1,420 SF
Asset Type
Retail
Closing
Jun 14, 2020
About this deal
AI
The property involved in this closed transaction is a retail asset located at 228 Tremont Street in the Chinatown – Leather District market. It was sold on 06/15/2020 at a price of $3,800,000. The property has a total area of 1,420 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 228 Tremont Street
- Market: Chinatown – Leather District
The buyer in this transaction is Derek S. Brady, while the seller is Peter V. Davos.
The retail sale at 228 Tremont St, Boston, MA 02116, USA in Boston, Massachusetts sold for $3.8M in 2020. The building is 1,420 square feet, implying about 2.7K per square foot on the published price. This page is the Boston, Massachusetts file for the 228 Tremont St, Boston, MA 02116, USA retail sold: pricing, party profiles, and other closed retail comps from the same Boston sit in the Market section below. Filter that Boston retail set by closing date to see what else sold near 228 Tremont St, Boston, MA 02116, USA around 2020. Published consideration for 228 Tremont St, Boston, MA 02116, USA is $3.8M, dated 2020. Cite this Derek S. Brady Acquires Retail Property In Chinatown - Leather District For $3.8M sale when underwriting similar retail product around Boston, Massachusetts.
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