Updated Oct 28, 2024
Cre Mll Farnsworth Prop Acquires Office Building In Boston, MA For $73.6M
41 Farnsworth Street, Boston, Massachusetts 02210, United States
$73,600,000
$746/SF
Building Size
98,600 SF
Asset Type
Office
Closing
Dec 16, 2021
About this deal
AI
The office property located at 33-41 Farnsworth St in Boston, MA was recently sold in a transaction on December 17, 2021. The property has a total square footage of 98,600 and was sold for a price of $73,600,000, resulting in a price per square foot of $746.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $73,600,000
- Address: 33-41 Farnsworth St, Boston, MA
- Market: Boston, MA
The buyer, Cre Mll Farnsworth Prop, acquired the property from the seller, Tc Fort Pt Creative Exch. Both parties were represented by their respective brokers in the deal.
Additional details about the transaction, including any financing or noteworthy considerations, were not provided in the available information.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93