Updated Dec 21, 2023
Coldwell Banker Commercial Sells Office Building In Newton, MA For $5.1M
345 Boylston Street, Newton, Massachusetts, USA
$5,100,000
$283/SF
Building Size
18,000 SF
Asset Type
Office
Closing
May 13, 2021
About this deal
AI
A commercial office property located at 345 Boylston Street in Newton, MA has been sold. The transaction was facilitated by Todd Glaskin of Coldwell Banker Commercial. The sale took place on May 14, 2021.
Summary of transaction details
- Property Type: Office
- Sale Price: $5,100,000
- Square Footage: 18,000
- Price per Square Foot: $283
- Address: 345 Boylston Street, Newton, MA
- Market: Newton, MA
The sale price for this office property was $5,100,000, with a total square footage of 18,000. This translates to a price per square foot of $283. Todd Glaskin of Coldwell Banker Commercial represented the parties involved in the transaction.
Players
Newton 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93