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David Greaney Of Synergy Acquires 99 High Street Office Tower In Boston For $227M
SOLD
$227,000,000
Massachusetts
See Similar DealsOffice730,208 SF
Sold 04/24/2025
SOLD
David Greaney Of Synergy Acquires 99 High Street Office Tower In Boston For $227M
99 High Street
See Similar DealsOffice730,208 SF
Sold 04/24/2025
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$310
Total Square Footage:730,208 SF
Transaction Type:Sale
99 High Street is a 32-story Class A office tower located in Boston’s Financial District. The asset spans 730,208 square feet and has been acquired for a total price of $227,000,000, which equates to approximately $311 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $227,000,000
- Address: 99 High Street
- Market: Boston, MA
- Square Footage: 730,208
- Price Per Square Foot: $311
- Buyer: David Greaney
- Company: Synergy
David Greaney, representing Synergy, has expanded the firm's downtown portfolio with this acquisition, which also includes properties at 1 India Street and 101 Arch Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$806,483.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,076,095.81
Annual Debt Service$12,913,149.72
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