Prime Office Condos Near
2 Hawthorne Pl 102n, Boston, MA 02114
For Sale
$374,000
First-floor office condos across from Mass General Hospital.
Property Size1,393 SF
Price / SF$268.49
Days on Market650
Property Features for 2 Hawthorne Pl 102n
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Allton Realty, LLC
Listed By:
Frank Interrante
(617) 990-4065
Source:
Exitrealty
Added: Jan 30, 2025
Changed: Aug 8
Last Checked: Apr 5 at 8:32PM
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 Allton Realty, LLC
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Investment Insights
Based on property information with market context.
Four first-floor office condos are available across from Mass General Hospital in the Hawthorne Place Condominium. The location is suitable for medical, financial, or legal professionals, with access to major highways, T lines, commuter rail, North Station, TD Garden, Beacon Hill, Faneuil Hall, Government Center, and Downtown. Each office suite includes visitor paid parking, private bathrooms, exam rooms, central reception areas, and kitchenettes. The condo fee includes 24/7 concierge service, heat, water, gas, central air, sewer, laundry facilities, and snow removal. The community features 480 residences, 25 professional office suites, and green space. Office sizes range from 605 sq ft to 1393 sq ft. Flexible floor plans are available, and parking can be rented or purchased at an additional cost.
Key Highlights
- Prime location directly across from Mass General Hospital, ideal for medical, financial, or legal professionals.
- Four first‑floor office condos available in the prestigious Hawthorne Place Condominium.
- Includes 24/7 concierge service and essential utilities in the condo fee.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,283
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,660
$565.7K
Cap Rate 7%
$404,043
$404.0K
Cap Rate 9%
$314,256
$314.3K
Market Conditions
NOI Build-Up for 1,393 SF
Gross rent
$50.1K $36.00/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$47.1K $33.84/SF
− OpEx
−$18.9K −$13.54/SF
NOI
$28.3K $20.30/SF
Area
ZIP 02114
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,660
Cap Rate 7%
$404,043
Cap Rate 9%
$314,256
Alternative Uses
Best Use
Office B
$637.9K
$558.2K – $744.2K
NOI $44,652 @ 7.0% cap · market cap 11.94%
Second Best
Healthcare Medical
$404.0K
$353.5K – $471.4K
NOI $28,283 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,730 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
21,471
Businesses Nearby
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Business Placement
Demographics for 02114, MA
14,469
Population
9,525
Households
1.5
Avg Household Size
33
Median Age
84%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
36,173
Density / Sq Mi
$135,057
Median Household Income
$94,465
Median Earnings
$2,933
Median Rent
$927,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Boston, MA
Properties on Market for Office Units in Boston
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office condos across from Mass General Hospital.
Where is this office unit located?
The property is located at 2 Hawthorne Pl 102n Boston, MA.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Prime location directly across from Mass General Hospital, ideal for medical, financial, or legal professionals.; Four first‑floor office condos available in the prestigious Hawthorne Place Condominium.; Includes 24/7 concierge service and essential utilities in the condo fee.
