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337 Newbury Street

Asana Partners Sells 337 Newbury Street Retail Property In Boston For $9.4M
SOLDRetail

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

Terry S. Brown

Asana Partners

Seller

$21.9M

vol

3 deals

Seller

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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93