7 Newbury Street
Update
06/02/17
Novaya and UrbanMeritage acquire Newbury Street mixed-use building for $26 million
Novaya Real Estate Ventures and UrbanMeritage have acquired 7-9 Newbury Street, a 15,290-square-foot mixed-use building, for $26 million in cash. The sale amounts to $1,700.46 per building square foot. Seller C. Talanian Realty acquired 7-9 Newbury Street in July 1996 for $4.58 million, or $299.54 per square foot. 7-9 Newbury Street features 11,200 square feet of fully-leased office space, with ground-floor retail anchored by coffee bar Nespresso.
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