Ben Maes Purchases Retail Asset From Raffaela Hanley In South Boston For $815,000
242 West Broadway
$815,000
$964/SF
Building Size
845 SF
Asset Type
Retail
Closing
Jan 21, 2025
AI
The asset involved in this transaction is a retail property located at 242 West Broadway in South Boston, MA. The sale price of the property was $815,000, and it encompasses a total square footage of 845, resulting in a price per square foot of $964.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $815,000
- Address: 242 West Broadway
- Market: South Boston, MA
- Square Feet: 845
- Price Per Square Foot: $964
- Buyer: Ben Maes
- Seller: Raffaela Hanley
- Brokers: Harrison Demeritt, Joe Wagner, Whitney Gallivan & Gus Hoffmann - Boston Realty Advisors
The transaction involved key individuals including buyer Ben Maes and seller Raffaela Hanley, with representation by brokers Harrison Demeritt, Joe Wagner, Whitney Gallivan, and Gus Hoffmann from Boston Realty Advisors, highlighting the professional team facilitating this deal.
Players
South 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
19.46%
Cash-on-Cash
-5.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93