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
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