Coldwell Banker Commercial Brokers $2.4M Retail Sale In Newton, MA
383-387 Boylston Street, Newton, Massachusetts 02459, United States
$2,400,000
$162/SF
Building Size
14,746 SF
Asset Type
Retail
Closing
May 26, 2022
AI
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.
Players
Newton 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93