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Newmark Brokers Sell Boston Office Building On Broad Street For $5.6M

Property Image
SOLD
$5,600,000
Joseph Alvarado
George Demoulas
+ 3

Massachusetts

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Office9,947 SF
Sold 12/17/2021
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Property Image
SOLD

Newmark Brokers Sell Boston Office Building On Broad Street For $5.6M

50 Broad Street, Boston, Massachusetts 02109, United States

See Similar Deals
Office9,947 SF
Sold 12/17/2021
Joseph Alvarado
George Demoulas
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$563
Total Square Footage:9,947 SF
Transaction Type:Sale

The office property located at 50-52 Broad Street in Boston, MA has been sold in a closed transaction. The sale was facilitated by the brokerage firm Newmark, with brokers Robert Griffin, Michael Greeley, Joseph Alvarado, George Demoulas, Casey Valente, and Matthew George representing the parties involved.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $5,600,000
  • Square Footage: 9,947 SF
  • Price per Square Foot: $563
  • Date of Transaction: 12/17/2021
  • Market: Boston, MA
  • Brokers: Robert Griffin, Michael Greeley, Joseph Alvarado, George Demoulas, Casey Valente, and Matthew George - Newmark

The sale of the office property at 50-52 Broad Street marks a significant transaction in the Boston market. The involved parties, including the sellers, buyers, and their respective representatives, worked together to successfully complete the deal. The transaction demonstrates the ongoing activity and value within the office asset category in the Boston, MA market.

Players

Robert (Rob) Griffin
72 deals$7.3B volume(617) 863-8611
BROKER

Michael (Mike) Greeley
Newmark
19 deals$833M volume
BROKER

Joseph Alvarado
Newmark
10 deals$94.5M volume
BROKER

George Demoulas
Newmark
6 deals$41.3M volume
BROKER

Casey Valente
Newmark
10 deals$94.5M volume
BROKER

Matthew George
Newmark
1 deal$5.6M volume
BROKER

Details

SOLD
IMAGE: Robert Griffin, George Demoulas, Michael Greeley, Joseph Alvarado, Matthew George & Casey Valente DATE: 12/17/2021 ADDRESS: 50-52 Broad Street MARKET: Boston, MA ASSET TYPE: Office BROKERS: Robert Griffin, Michael Greeley, Joseph Alvarado, George Demoulas, Casey Valente & Matthew George - Newmark SALE PRICE: $5,600,000 SF: 9,947 ~ PPSF: $563

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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