Asana Partners Sells 337 Newbury Street Retail Property In Boston For $9.4M
337 Newbury Street
$9,400,000
$2,427/SF
Building Size
3,872 SF
Asset Type
Retail
Closing
Mar 6, 2025
AI
337 Newbury Street is a retail property located in the Back Bay neighborhood of Boston, MA, encompassing a total of 3,872 square feet. This property was sold for a price of $9,400,000, which translates to a price per square foot of $2,428. The building underwent renovations in 2016 and was previously traded for $7,235,000 in 2019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,400,000
- Address: 337 Newbury Street, Boston, MA
- Square Footage: 3,872
- Price Per Square Foot: $2,428
- Seller: Terry S. Brown - Asana Partners
Terry S. Brown represented Asana Partners in the transaction, facilitating the sale of the retail property at 337 Newbury Street. The building's previous market activity reflects a notable increase in value since its last sale in 2019.
Players
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93