Private-Floor Office
New
For Sale
$2,495,000
60 Harvard Unit 2A, Brookline, MA 02445
An 8,047-square-foot commercial condominium offers natural light, on-site parking, and flexible professional office potential.
Property Size2,026 SF
Price / SF$310.05
Days on Market4
Property Features for 60 Harvard Unit 2A
General Information
Standard status
Active
Size
2,026 SF
Total Parking Spaces
6
Property subtype
Commercial
Lease Term
Existing Lease Type: Gross
Additional Details
Public Transit
Yes
Office Units
1
Amenities
signage opportunities
large windows
private bathrooms
Building Details
Building Size
2,026 SF
Year Built
2026
Listing Agency:
City Realty Group
(617) 751-5119
Listed By:
Sean Rose · License #9567526
(617) 997-8351
Source:
Iverty
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 22 at 1:23PM
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 City Realty Group
Investment Insights
Based on property information with market context.
This office condominium occupies a private floor at 60 Harvard Unit 2A, providing 8,047 SF of commercial space for professional or medical office use. Large windows on all four sides bring in substantial natural light, while multiple private bathrooms and dedicated signage areas support day-to-day operations and visitor-facing identity. The configuration offers a self-contained setting within the building.
The property includes six deeded on-site parking spaces, with additional on-street parking nearby. Brookline Village Green Line station is approximately 0.3 miles away, or a five-minute walk, adding transit access for staff and visitors. The asset was built in 2026.
The property includes six deeded on-site parking spaces, with additional on-street parking nearby. Brookline Village Green Line station is approximately 0.3 miles away, or a five-minute walk, adding transit access for staff and visitors. The asset was built in 2026.
Key Highlights
- 8,047 SF office condominium occupying a private floor
- Large windows on all four sides provide abundant natural light
- Six deeded parking spaces included on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,582
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,531,640
$3.5M
Cap Rate 7%
$2,522,600
$2.5M
Cap Rate 9%
$1,962,022
$2.0M
Market Conditions
NOI Build-Up for 8,047 SF
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.
Gross rent
$282.0K $35.04/SF
− Vacancy
−$46.5K −$5.78/SF
EGI
$235.4K $29.26/SF
− OpEx
−$58.9K −$7.31/SF
NOI
$176.6K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,531,640
Cap Rate 7%
$2,522,600
Cap Rate 9%
$1,962,022
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,582 @ 7.0% cap · market cap 7.08%
Second Best
Healthcare Medical
$2.07M
$1.81M – $2.42M
NOI $145,194 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$4.76M
$4.17M – $5.56M
NOI $333,466 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
4,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 02445, MA
22,499
Population
10,016
Households
2.2
Avg Household Size
36
Median Age
86%
College-Educated
98%
High-School Grad
2.6 sq mi
ZIP Area
8,653
Density / Sq Mi
$145,878
Median Household Income
$76,514
Median Earnings
$2,779
Median Rent
$1,218,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - An 8,047-square-foot commercial condominium offers natural light, on-site parking, and flexible professional office potential.
Where is this office units located?
The property is located at 60 Harvard Unit 2A Brookline, MA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 8,047 SF office condominium occupying a private floor; Large windows on all four sides provide abundant natural light; Six deeded parking spaces included on site
