Boston City Group, Inc. Brokers Caroline Ligotti, Linda Redeker & Emily McGranaghan Facilitate $1.8M Office Sale On Batterymarch Street, Boston, MA
SOLD
$1,800,000
Massachusetts
See Similar DealsOffice4,329 SF
Sold 11/19/2021
SOLD
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
See Similar DealsOffice4,329 SF
Sold 11/19/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$415
Total Square Footage:4,329 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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