Kobie Evans Acquires Brighton, MA Retail Property From Fred Starikov For $1.67M
SOLD
$1,675,000
Massachusetts
See Similar DealsRetail3,412 SF
Sold 09/29/2021
SOLD
Kobie Evans Acquires Brighton, MA Retail Property From Fred Starikov For $1.67M
535-537B Washington Street, Boston, MA, USA
See Similar DealsRetail3,412 SF
Sold 09/29/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$490
Total Square Footage:3,412 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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