The Beantown Companies Acquires Retail Property At 969-985 Bennington Street In East Boston, MA For $7.1M
969-985 Bennington Street
$7,100,000
$355/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Oct 16, 2023
AI
The property involved in this transaction is a retail asset located at 969-985 Bennington Street in East Boston, MA. The property spans 20,000 square feet and was sold for a price of $7,100,000, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 969-985 Bennington Street, East Boston, MA
- Market: East Boston, MA
- Seller: Michael Rauseo
- Buyer: The Beantown Companies
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty
The Beantown Companies acted as the buyer in this transaction, while the seller was Michael Rauseo. The deal was facilitated by brokers Ryan Taylor and Brayden Haney from Fortune Realty.
Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93