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15 New Chardon Street

Tod Brainard And Keith Wallace Acquire Office Asset In Boston For $28 Million From Bank Of New England
SOLDOffice

Tod Brainard And Keith Wallace Acquire Office Asset In Boston For $28 Million From Bank Of New England

15 New Chardon Street

$28,000,000

Building Size

Asset Type

Office

Closing

Jul 21, 2025

AI

The asset involved in this transaction is an office building located at 15 New Chardon Street in Boston, MA. The sale price for the property was $28,000,000. The total square footage of the building is 141,831 square feet.

Summary of transaction details:

Live Oak Real Estate Investments and Tritower Financial Group completed the acquisition of the property. Newmark facilitated the transaction and also arranged financing through Bank of New England, providing further context to the financial arrangements involved in the deal.

Players

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
Newmark
NewmarkBrokerage
Bank of New England
Bank of New EnglandLender

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93