Updated Dec 21, 2023
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
About this deal
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
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