Garden Level Office in
160 Commonwealth Unit L7 Boston, MA 02116
For Sale
$1,830,000
Unique office space in a centrally located, desirable Boston submarket.
Property Size2,698 SF
Price / SF$678.28
Days on Market1004
Property Features for 160 Commonwealth Unit L7
General Information
- Standard status
- Active
- Size
- 2,698 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1871
Listing Agency:
Boston Realty Advisors
Listed By:
William Catlin
Source:
Stevebremis
Added: Oct 27, 2023
Changed: Jul 10
Last Checked: Jul 24 at 10:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boston Realty Advisors
Investment Insights
Based on property information with market context.
Located on the garden level of the French-inspired Vendome building, 170(A) Commonwealth Ave offers commercial office and medical users a centrally located space in a desirable Boston submarket. This property offers 2698 square feet of space. The property is located in a building with historic charm.
Key Highlights
- Prime location on Commonwealth Ave in a desirable Boston submarket
- Suitable for commercial office and medical users
- Located in the historic "The Vendome building"
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.4k | $53.88 |
| − Vacancy | −$22.8k | −$8.46 |
| EGI | $122.5k | $45.42 |
| − OpEx | −$30.6k | −$11.36 |
| NOI | $91.9k | $34.07 |
2,698 SF · lease $53.88/SF/yr · vacancy 15.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,909 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,804 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Simreet Khaira
Physician
Anthony Catalfano Interiors
Interior Design
City Shopper, Inc
Publishing House
Graphic Resources
Architect
Buttermilk & Bourbon
Restaurant
FAQs
What type of property is this?
Office units - Unique office space in a centrally located, desirable Boston submarket.
Where is this office units located?
The property is located at 160 Commonwealth Unit L7 Boston, MA.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Prime location on Commonwealth Ave in a desirable Boston submarket; Suitable for commercial office and medical users; Located in the historic "The Vendome building"
