Boston Residential Group Sells Retail Property On A Street In Boston For $4.1M
SOLD
$4,100,000
Massachusetts
See Similar DealsRetail5,350 SF
Sold
SOLD
Boston Residential Group Sells Retail Property On A Street In Boston For $4.1M
319 A Street
See Similar DealsRetail5,350 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$766
Total Square Footage:5350 SF
Transaction Type:Sale
The retail property located at 319 A Street in Boston, MA has been sold for a total price of $4,100,000. The property spans across 5,350 square feet, resulting in a price per square foot of $766.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Address: 319 A Street, Boston, MA
- Market: Boston, MA
- Buyer: William Gateman
- Seller: Boston Residential Group
- Buyer's Representative: Joe Wagner - Boston Realty Advisors
- Seller's Representatives: Sean Griffing & Jonathan Dutch - Boston Urban Partners
The buyer's representative for this transaction is Joe Wagner from Boston Realty Advisors, while the seller was represented by Sean Griffing and Jonathan Dutch of Boston Urban Partners.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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