Updated Dec 21, 2023
David Sylvia Acquires Retail Property In Back Bay, MA From Gary B Simon For $3.67M
348 Newbury Street, Boston, Massachusetts 02115, United States
$3,666,666
$1,333/SF
Building Size
2,750 SF
Asset Type
Retail
Closing
May 4, 2022
About this deal
AI
The retail property located at 348 Newbury St in the Back Bay neighborhood of Boston, MA has been sold. The transaction took place on May 5, 2022. The property spans 2,750 square feet and was sold at a price of $3,666,666, resulting in a price per square foot of $1,333. The buyer of the property is David Sylvia, while the seller is Gary B Simon.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,666,666
- Address: 348 Newbury St
- Market: Back Bay, MA
David Sylvia successfully acquired the property from Gary B Simon. Sylvia's representative for the transaction was not specified in the provided information. It is worth noting that the transaction price of $3,666,666 reflects a price per square foot of $1,333 for the 2,750 square feet of the retail space.
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
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93