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63 Bay State Road, Boston, ...

Robert Griffin, Michael Byrne, Michael Greeley, George Demoulas, Joseph Alvarado & Casey Valente Of Newmark Acquire Office Building In Boston, MA For $6.2M
SOLDOffice

Robert Griffin, Michael Byrne, Michael Greeley, George Demoulas, Joseph Alvarado & Casey Valente Of Newmark Acquire Office Building In Boston, MA For $6.2M

63 Bay State Road, Boston, Massachusetts 02215, United States

$6,225,000

$841/SF

Building Size

7,401 SF

Asset Type

Office

Closing

Jan 6, 2022

AI

The office building located at 63 Bay State Road in Boston, MA has been sold for a transaction price of $6,225,000. The property spans across 7,401 square feet, resulting in a price per square foot of $841. The sale took place on January 6, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,225,000
  • Address: 63 Bay State Road, Boston, MA
  • Market: Boston, MA
  • Square Footage: 7,401
  • Price per Square Foot: $841

The sale was facilitated by brokers Robert Griffin, Michael Byrne, Michael Greeley, Joseph Alvarado, George Demoulas, and Casey Valente from Newmark. They played a pivotal role in the transaction, ensuring a successful deal between the buyer and seller.

Players

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker

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

2.55%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93