Patrick Hartwig Purchases Office Building At 68 Evergreen Street From Richard Glanz For $1.65M
68 Evergreen Street
$1,650,000
$87/SF
Building Size
18,975 SF
Asset Type
Office
Closing
Nov 9, 2025
AI
The property involved in this transaction is an office building located at 68 Evergreen Street in Kingston, MA. This multi-tenant professional and medical office building encompasses 18,975 square feet and was sold for $1,650,000, reflecting a price per square foot of $86.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,650,000
- Address: 68 Evergreen Street
- Market: Kingston, MA
- Buyer: Patrick Hartwig
- Seller: Richard Glanz
- Buyer's Representative: James Keefe - Greater Boston Commercial Properties
- List Price: $1,875,000
- Price Reduction: $225,000
- Square Footage: 18,975
- Price Per Square Foot: $86
James Keefe represented the buyer, Patrick Hartwig, throughout the sale process. Richard Glanz, a representative from Glanz Properties, acted as the seller. The negotiation highlighted Keefe's ability to advocate for his client effectively, resulting in a reduced purchase price that aligned with current market conditions. The transaction process was noted for its comprehensive support, aiding Hartwig in entering the commercial real estate market with confidence and strategic planning.
Players
Kingston 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93