facebook
Traded Co logo
Submit

Dr. Emma Wu Purchases Retail Property At 60 Leonard Street Belmont For $3 Million

Property Image
SOLD
$3,000,000

Massachusetts

See Similar Deals
Retail6,600 SF
Sold 12/31/2024
the dealplayerscompscontact
Property Image
SOLD

Dr. Emma Wu Purchases Retail Property At 60 Leonard Street Belmont For $3 Million

60 Leonard Street

See Similar Deals
Retail6,600 SF
Sold 12/31/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$454
Total Square Footage:6,600 SF
Transaction Type:Sale

The property asset involved in the transaction is a retail space located at 60 Leonard Street in Belmont, MA. The sale price for the property was $3,000,000, and it encompasses a total square footage of 6,600, resulting in a price per square foot of $454.

Summary of transaction details:

The transaction involved key individuals representing both the buyer and the seller. Dr. Emma Wu purchased the property, while Larry Bianchi was the seller. Demetrius Spaneas represented the buyer through Land & Sea Real Estate & Inc., while Joe Wagner and Whitney Gallivan represented the seller through Boston Realty Advisors.

Players

Joe Wagner
16 deals$88.9M volume
BROKER

Whitney Gallivan
Boston Realty Advisors
13 deals$78.7M volume
BROKER

Demetrius Spaneas
Land & Sea Real Estate
1 deal$3M volume(617) 999-6269
BROKER

Details

SOLD
IMAGE: Joe Wagner, Whitney Gallivan & Demetrius Spaneas DATE: 12/31/2024 ADDRESS: 60 Leonard Street MARKET: Belmont, MA ASSET TYPE: Retail BUYER: Dr. Emma Wu SELLER: Larry Bianchi BUYER'S REP: Demetrius Spaneas - Land & Sea Real Estate & Inc.  SELLER'S REP: Joe Wagner (@JsWags44) & Whitney Gallivan (@WhitneyGallivan) - Boston Realty Advisors (@BostonRealtyAdvisors) SALE PRICE: $3,000,000 SF: 6,600 ~ PPSF: $454

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37