Updated Oct 28, 2024
471 West Broadway Llc Acquires Retail Property In South Boston For $3.8M
471 West Broadway, South Boston, Boston, MA, USA
$3,800,000
$670/SF
Building Size
5,664 SF
Asset Type
Retail
Closing
May 25, 2020
About this deal
AI
471 W Broadway in South Boston, MA has been sold in a recent transaction. The retail property, with a total square footage of 5,664, was purchased by 471 West Broadway LLC for a price of $3,800,000. The property, owned by George H. Katis, is located in a vibrant market area.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,800,000
- Square Footage: 5,664
- Address: 471 W Broadway, South Boston, MA
- Seller: George H. Katis
- Buyer: 471 West Broadway LLC
This deal was facilitated by George H. Katis, representing the seller. 471 West Broadway LLC, the buyer, successfully acquired the property, making this a significant transaction in the South Boston retail market.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93