Updated Dec 21, 2023
Boston City Group, Inc. Brokers Caroline Ligotti, Linda Redeker & Emily McGranaghan Facilitate $1.8M Office Sale On Batterymarch Street, Boston, MA
42 Batterymarch Street, Boston, MA, USA
$1,800,000
$415/SF
Building Size
4,329 SF
Asset Type
Office
Closing
Nov 19, 2021
About this deal
AI
Located at 42-48 Batterymarch Street in Boston, MA, an office property was recently sold for a total of $1,800,000. The property spans 4,329 square feet, resulting in a price per square foot of $416. The transaction took place on November 19, 2021. The property, being part of the office asset type, offers a prime location in the Boston market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,800,000
- Address: 42-48 Batterymarch Street, Boston, MA
- Square Footage: 4,329
- Price Per Square Foot: $416
- Market: Boston, MA
Caroline Ligotti, Linda Redeker, and Emily McGranaghan of Boston City Group, Inc. represented the parties involved in the transaction as brokers.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93