Updated Oct 28, 2024
50 Burbank Llc Acquires Retail Property On Burbank St In Boston For $1.95M
58-60 Burbank St, Boston, Massachusetts, USA
$1,950,000
$1,625/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Oct 8, 2021
About this deal
AI
The retail property located at 58-60 Burbank St in Boston, MA has been sold in a recent transaction. The property encompasses 1,200 square feet and was sold for a price of $1,950,000, resulting in a price per square foot of $1,625.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,950,000
- Square Feet: 1,200
- Price per Square Foot: $1,625
- Address: 58-60 Burbank St, Boston, MA
- Buyer: 50 Burbank Llc
- Seller: Ty Gupta
In this transaction, the buyer, 50 Burbank Llc, acquired the property from the seller, Ty Gupta.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93