facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

8 Newbury St, Boston, MA 02...

Elizabeth Lehmann Acquires Retail Property On Newbury Street, Boston For $42.45M
SOLDRetail

Elizabeth Lehmann Acquires Retail Property On Newbury Street, Boston For $42.45M

8 Newbury St, Boston, MA 02116, USA

$42,450,000

$223/SF

Building Size

189,580 SF

Asset Type

Retail

Closing

Aug 3, 2020

AI

This retail property located at 8 Newbury Street in Boston, MA was recently sold. The transaction took place on July 29, 2020. The property spans across 18,958 square feet and was sold at a price of $42,450,000, resulting in a price per square foot of $2,239.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $42,450,000
  • Address: 8 Newbury Street, Boston, MA
  • Market: Boston, MA

The seller of this property was Michael T. Jammen, while the buyer was Elizabeth Lehmann.

Players

Geoffrey Millerd

Newmark

Broker

$825M

vol

14 deals

Broker

Boston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93