Daily limit: 0/10
Patrice Louvet Of Ralph Lauren Purchases Retail Space From Raymond Gindi For $37.8M In Boston
SOLD
$37,800,000
Massachusetts
See Similar DealsRetail13,000 SF
Sold 07/08/2025
SOLD
Patrice Louvet Of Ralph Lauren Purchases Retail Space From Raymond Gindi For $37.8M In Boston
93 Newbury Street
See Similar DealsRetail13,000 SF
Sold 07/08/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$2,907
Total Square Footage:13,000 SF
Transaction Type:Sale
The retail asset located at 93 Newbury Street in Boston, MA, has been sold for $37,800,000. The property comprises 13,000 square feet, translating to a price per square foot of approximately $2,908. Ralph Lauren has been occupying the space since 2013, previously acquiring it from ASG Equities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,800,000
- Address: 93 Newbury Street
- Market: Boston, MA
- Square Footage: 13,000
- Price Per Square Foot: $2,908
- Buyer: Patrice Louvet - Ralph Lauren
- Seller: Raymond Gindi - ASG Equities
Patrice Louvet represented Ralph Lauren in this transaction, while Raymond Gindi represented ASG Equities. The deal reflects Ralph Lauren's continued commitment to its flagship location in Boston.
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)
$2,016,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$134,295.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$179,191.28
Annual Debt Service$2,150,295.42
Is there something missing? Send suggestions