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217 Congress St, Boston, MA...

RMF Engineering Leases Office Space At 217 Congress St, Boston With Tenant's Rep Mary Patalita
LEASEDOffice

RMF Engineering Leases Office Space At 217 Congress St, Boston With Tenant's Rep Mary Patalita

217 Congress St, Boston, MA, 02110

Building Size

3,727 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

Located at 217 Congress St, Boston, MA, 02110, the office asset features 3727 square feet of space and was leased to RMF Engineering. The landlord for this property is Drucker Associates. Mary Patalita from Cushman & Wakefield represented the tenant in this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenants Rep: Mary Patalita(Cushman & Wakefield)
  • Tenant: RMF Engineering
  • Landlord: Drucker Associates
  • Square Feet: 3727

Newmark recently completed seven leases at 211 Congress Street in Boston, totaling more than 30,000 square feet. The 11-story office building, owned by an affiliate of Drucker Associates, is managed by Lincoln Property Company. Jason Cameron, Jim Brady, and Liam O'Connor represented the property in the transactions. Tenants at 211 Congress Street benefit from its convenient location near various transportation options, shopping, dining, and amenities such as the High Street Place Food Hall.

Players

Mary Patalita

Cushman & Wakefield

Broker

1 deal

Broker
DA
Drucker AssociatesLandlord

Boston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93