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535-537B Washington Street,...

Kobie Evans Acquires Brighton, MA Retail Property From Fred Starikov For $1.67M
SOLDRetail

Kobie Evans Acquires Brighton, MA Retail Property From Fred Starikov For $1.67M

535-537B Washington Street, Boston, MA, USA

$1,675,000

$490/SF

Building Size

3,412 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

A retail property located at 535-537 B Washington St in Brighton, MA has been sold for a price of $1,675,000. The property spans 3,412 square feet, resulting in a price per square foot of $491. The transaction took place on September 29, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,675,000
  • Address: 535-537 B Washington St, Brighton, MA
  • Market: Brighton, MA
  • Buyer: Kobie Evans
  • Seller: Fred Starikov
  • Square Footage: 3,412
  • Price per Square Foot: $491

Kobie Evans served as the buyer in the transaction, while Fred Starikov acted as the seller.

Players

Fred Starikov

City Realty Group

Broker

$66.7M

vol

12 deals

Broker
Fred Starikov

Fred Starikov

Seller

$66.7M

vol

12 deals

Seller

Brighton 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93