Coldwell Banker Commercial Brokers $2.4M Retail Sale In Newton, MA
SOLD
$2,400,000
Massachusetts
See Similar DealsRetail14,746 SF
Sold 05/27/2022
SOLD
Coldwell Banker Commercial Brokers $2.4M Retail Sale In Newton, MA
383-387 Boylston Street, Newton, Massachusetts 02459, United States
See Similar DealsRetail14,746 SF
Sold 05/27/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:14,746 SF
Transaction Type:Sale
Located at 383-387 Boylston St in Newton, MA, this retail property was recently sold for a price of $2,400,000. The property spans over 14,746 square feet, making the price per square foot approximately $163. The sale was facilitated by Todd Glaskin from Coldwell Banker Commercial.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 383-387 Boylston St, Newton, MA
- Market: Newton, MA
- Square Footage: 14,746
- Price per Square Foot: $163
Todd Glaskin from Coldwell Banker Commercial played a crucial role in facilitating the sale of this retail property in Newton, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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