Marc Resnick Purchases Office Building At 112-116 State Street Boston For $4M With Brokers Ryan Taylor & Brayden Haney
112-116 State Street
$4,000,000
$222/SF
Building Size
18,000 SF
Asset Type
Office
Closing
Feb 24, 2026
AI
The property involved in this transaction is located at 112-116 State Street, Boston, MA. It is an office asset with a sale price of $4,000,000, covering a total area of 18,000 square feet, translating to a price per square foot of $222. The building features a historic cast-iron façade.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 112-116 State Street
- Market: Boston, MA
- Square Footage: 18,000
- Price Per Square Foot: $222
- Buyer: Marc Resnick
- Seller: Greg Mccarthy
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty
Ryan Taylor and Brayden Haney represented the seller, Greg Mccarthy, in this transaction, facilitating the sale process effectively within the Boston market.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93