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20 Charlesgate West

Planning Office For Urban Affairs & Fenway Community Development Corporation Acquires Historic Boston Building For $14M
SOLDMultiFamily

Planning Office For Urban Affairs & Fenway Community Development Corporation Acquires Historic Boston Building For $14M

20 Charlesgate West

$14,000,000

$240/SF

Building Size

58,320 SF

Asset Type

MultiFamily

Closing

Oct 23, 2023

AI

The historic Boston building at 20 Charlesgate West, known as Our Lady's Guild House, has been sold to the Planning Office for Urban Affairs and Fenway Community Development Corporation. The property transaction took place for a price of $14 million. The Office asset spans across 58,320 square feet and was sold at a rate of $240 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,000,000
  • Address: 20 Charlesgate West, Boston, MA
  • Market: Boston, MA
  • Square Footage: 58,320
  • Price Per Square Foot: $240
  • Buyer: Planning Office for Urban Affairs & Fenway Community Development Corporation
  • Broker: Jeanne Pinado - Colliers International

The sale of Our Lady's Guild House to the Planning Office for Urban Affairs and Fenway Community Development Corporation marks an important acquisition for these organizations. The buyer's representative, Jeanne Pinado from Colliers International, facilitated the successful transaction.

Players

Jeanne Pinado

Colliers

Broker

$14M

vol

2 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93