Robert Griffin, Michael Byrne, Michael Greeley, George Demoulas, Joseph Alvarado & Casey Valente Of Newmark Acquire Office Building In Boston, MA For $6.2M
SOLD
$6,225,000
+ 3
Massachusetts
See Similar DealsOffice7,401 SF
Sold 01/06/2022
SOLD
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
See Similar DealsOffice7,401 SF
Sold 01/06/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$841
Total Square Footage:7,401 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$331,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,116.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,509.68
Annual Debt Service$354,116.11
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