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Marc Resnick Purchases Office Building At 112-116 State Street Boston For $4M With Brokers Ryan Taylor & Brayden Haney

Property Image
SOLD
$4,000,000
Ryan Taylor
Brayden Haney

Massachusetts

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Office18,000 SF
Sold 02/25/2026
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Property Image
SOLD

Marc Resnick Purchases Office Building At 112-116 State Street Boston For $4M With Brokers Ryan Taylor & Brayden Haney

112-116 State Street

See Similar Deals
Office18,000 SF
Sold 02/25/2026
Ryan Taylor
Brayden Haney
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$222
Total Square Footage:18,000 SF
Transaction Type:Sale

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

Ryan Taylor
Fortune Realty
Ryan Taylor
41 deals$160.2M volume(774) 270-4020
BROKER
Brayden Haney
Fortune Realty
Brayden Haney
27 deals$114.2M volume(774) 270-2612
BROKER

Details

SOLD
IMAGE: Ryan Taylor & Brayden Haney DATE: 2/25/2026 ADDRESS: 112-116 State Street MARKET: Boston, MA ASSET TYPE: Office BUYER: Marc Resnick SELLER: Greg Mccarthy BROKERS: Ryan Taylor (@Ryan_Scott_Taylor) & Brayden Haney (@Brayden.Alexander12) - Fortune Realty (@Fortune_Boston) SALE PRICE: $4,000,000 SF: 18,000 ~ PPSF: $222 NOTE FROM BROKER: The Richards Building is an 18,000-square-foot architectural gem—one of Boston’s last remaining cast-iron façades—soon to be converted into boutique residential units.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49