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68 Evergreen Street

Patrick Hartwig Purchases Office Building At 68 Evergreen Street From Richard Glanz For $1.65M
SOLDOffice

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

James Keefe

Greater Boston Commercial Properties

Broker

$42.9M

vol

16 deals

Broker
Greater Boston Commercial Properties
Greater Boston Commercial PropertiesBrokerage

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