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That's a latte money: Starbucks space on Newbury Street sells for record amount

Banker & Tradesman reports (subscription required) the commercial condo space used by the Starbucks at 165 Newbury St. recently sold for $6.25 million - a new Newbury Street record.

It was assessed by the city last year for only $4.2 million.

According to assessors and Suffolk County Registry of Deeds records, Frazer 165 Holdings, a Limerick, Ireland company, sold the unit to 165 Newbury Street Owner of Rye, NY.

H/t Jonathan Berk.

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Comments

Or will it be claimed as corporate profit and whisked away to its 'not so tropical yet still kinda shady' Irish tax haven?

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