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
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