Elizabeth Lehmann Acquires Retail Property On Newbury Street, Boston For $42.45M
SOLD
$42,450,000
Massachusetts
See Similar DealsRetail189,580 SF
Sold 08/04/2020
SOLD
Elizabeth Lehmann Acquires Retail Property On Newbury Street, Boston For $42.45M
8 Newbury St, Boston, MA 02116, USA
See Similar DealsRetail189,580 SF
Sold 08/04/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$223
Total Square Footage:189,580 SF
Transaction Type:Sale
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
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,263,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$150,815.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$201,234.66
Annual Debt Service$2,414,815.88
Is there something missing? Send suggestions