160 Commonwealth Unit L7, Boston, MA 02116
Unique office space in a centrally located, desirable Boston submarket.
- Added:
- Jan 11, 2024
- Days on Market:
- 881
- Last Refresh:
- Apr 21 at 6:17 am
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 agent William Catlin
Listing office Boston Realty Advisors
Listing date Jan 11, 2024
Source Stevebremis
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
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"
- Garden Level location
- Unique real estate opportunity
- Historic charm (Year Built: 1871)
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.07865
- Latitude
- 42.35128
