Updated Dec 4, 2024
UNITE HERE Local 26 Acquires Office Building In Boston's Historic Bay Village For $5.9M
52 Church Street
$5,900,000
$453/SF
Building Size
13,000 SF
Asset Type
Office
Closing
Oct 11, 2023
About this deal
AI
A 13,000-square-foot, two-story office building located at 52 Church Street in Boston's Historic Bay Village neighborhood has been sold for $5.9 million. The property was acquired by UNITE HERE Local 26.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,900,000
- Square Footage: 13,000
- Price per Square Foot: $454
- Address: 52 Church Street, Boston, MA
- Market: Boston, MA
Freudenheim Partners represented both the buyer and seller in this transaction. The buyer, UNITE HERE Local 26, acquired the office building from the seller, 52 Church Street Realty, LLC. The deal was brokered by Ellen Fantini Cullinan and Leigh Freudenheim, both of Freudenheim Partners.
On the Map
$5,900,000
$453/SF
Office
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Players
Calais Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93