Neoclassical Office Condominium
185 Devonshire Street Suite 701 Boston, MA 02110
185 Devonshire Street Suite 701, Boston, MA, 02110
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For Sale
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Suite 701 offers condominium ownership in a landmark-style office building near major downtown business destinations.
Property Size1,172 SF
Price / SF$469.28
Days on Market53
Property Features for 185 Devonshire Street Suite 701
General Information
- Standard status
- Active
- Size
- 1,172 SF
- Property subtype
- Office
Listing agency
Boston Realty Advisors
Listed by
Bonny Doorakian · License #9024210
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 7:06AM
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.
185 Devonshire is defined by a grand rose marble lobby and a classical neoclassical façade, giving the building a distinctive presence along a prominent Boston commercial corridor. Suite 701 is offered as a condominium ownership opportunity within the building, providing a defined, private office suite option for ownership-minded users.
The property is positioned along Downtown Crossing, with the address noted as a convergence point for the Financial District, Boston Common, Beacon Hill, Back Bay, and Government Center. For occupants, this central placement can support convenient access to widely used office and retail destinations across downtown.
Suite 701’s condominium format is well suited to an owner-occupant looking to secure a dedicated office space, as well as to buyers evaluating a controlled, suite-level ownership structure within a long-standing, architecturally notable office building. With the building’s established identity and refined common entry experience, the suite can serve professional office needs in a downtown setting where clients and business partners typically expect to be close to major employment and amenities.
The property is positioned along Downtown Crossing, with the address noted as a convergence point for the Financial District, Boston Common, Beacon Hill, Back Bay, and Government Center. For occupants, this central placement can support convenient access to widely used office and retail destinations across downtown.
Suite 701’s condominium format is well suited to an owner-occupant looking to secure a dedicated office space, as well as to buyers evaluating a controlled, suite-level ownership structure within a long-standing, architecturally notable office building. With the building’s established identity and refined common entry experience, the suite can serve professional office needs in a downtown setting where clients and business partners typically expect to be close to major employment and amenities.
Key Highlights
- Suite 701 offers condominium ownership in 185 Devonshire, a landmark‑style office building.
- Building features a grand rose marble lobby and a classical neoclassical façade.
- Located along Boston’s Downtown Crossing office and retail corridor.
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 | $59.1k | $50.40 |
| − Vacancy | −$13.0k | −$11.09 |
| EGI | $46.1k | $39.31 |
| − OpEx | −$11.5k | −$9.83 |
| NOI | $34.6k | $29.48 |
1,172 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$493.6K
$431.9K – $575.9K
NOI $34,555 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,432 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Office Of Frank ...
Law Firm
Dean Levy, DMD
Dental Office
Attorney Edward R. ...
Law Firm
C. Henry Fasoldt, ...
Law Firm
Salvucci Harris, LLC
Law Firm
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FAQs
What type of property is this?
Office units - Suite 701 offers condominium ownership in a landmark-style office building near major downtown business destinations.
Where is this office units located?
The property is located at 185 Devonshire Street Suite 701 Boston, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Suite 701 offers condominium ownership in 185 Devonshire, a landmark‑style office building.; Building features a grand rose marble lobby and a classical neoclassical façade.; Located along Boston’s Downtown Crossing office and retail corridor.
