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Taymil Partners Acquires 40 Central Street Office Building From Eastern Bank For $1.589M

Property Image
SOLD
$1,589,000
Brendan Coan
Richard Pilla

Massachusetts

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Office1,800 SF
Sold 02/14/2025
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Property Image
SOLD

Taymil Partners Acquires 40 Central Street Office Building From Eastern Bank For $1.589M

40 Central Street

See Similar Deals
Office1,800 SF
Sold 02/14/2025
Brendan Coan
Richard Pilla
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$882
Total Square Footage:1,800 SF
Transaction Type:Sale

40 Central Street is an office asset located in Wellesley, MA, that spans 1,800 square feet and has been sold for $1,589,000. The property is currently leased to Douglas Elliman, providing a stable income stream for its owner.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,589,000
  • Square Footage: 1,800 SF
  • Price Per Square Foot: $883
  • Address: 40 Central Street
  • Market: Wellesley, MA
  • Buyer: Steven Astrove - Taymil Partners
  • Seller: Eastern Bank
  • Brokers: Brendan Coan & Richard Pilla - Paramount Partners

Brendan Coan and Richard Pilla from Paramount Partners represented the seller, Eastern Bank, in this transaction while facilitating the deal for the buyer, Steven Astrove of Taymil Partners based in Framingham.

Players

Richard Pilla
Richard Pilla
3 deals$6.9M volume
BROKER
Brendan Coan
Paramount Partners
Brendan Coan
5 deals$19.4M volume
BROKER

Details

SOLD
IMAGE: Brendan Coan & Richard Pilla DATE: 02/14/2025 ADDRESS: 40 Central Street MARKET: Wellesley, MA ASSET TYPE: Office BUYER: Steven Astrove - Taymil Partners (@TaymilPartners) SELLER: Eastern Bank BROKERS: Brendan Coan & Richard Pilla - Paramount Partners SALE PRICE: $1,589,000 SF: 1,800 ~ PPSF: $883 NOTE: Paramount Partners sold 40 Central St., an 1,800 SF property leased to Douglas Elliman, for $1.589M. The firm represented seller Eastern Bank and secured buyer Taymil Partners of Framingham.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,645.39
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