DIV Sumner Street LLC Sells Retail Property In Boston, MA For $1.85M
99 Sumner Street, Boston, MA, USA
$1,850,000
$293/SF
Building Size
6,300 SF
Asset Type
Retail
Closing
Oct 15, 2021
AI
The retail property at 99 Sumner Street in Boston, MA was recently sold for a price of $1,850,000. The property spans over 6,300 square feet, resulting in a price per square foot of $294. The transaction took place on 10/15/2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,850,000
- Address: 99 Sumner Street, Boston, MA
- Market: Boston, MA
- Seller: DIV Sumner Street LLC
- Brokers: Joe Wagner, Whitney Gallivan, & Yuan Huang - US Woo Realty
The deal was facilitated by brokers Joe Wagner, Whitney Gallivan, and Yuan Huang from US Woo Realty. They represented the seller, DIV Sumner Street LLC, in the transaction.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93