Two Contiguous Office Condo
7 Whittier Unit 112S-114S, Boston, MA 02114
For Sale
$599,000
Two adjacent street-level office condo units are offered as a shell for customized buildout.
Property Size1,890 SF
Price / SF$316.93
Days on Market667
Property Features for 7 Whittier Unit 112S-114S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Rick Gomolka Realty
Listed By:
Richard Gomolka
(781) 408-1245
Source:
Residentialproperties
Added: Jan 13, 2025
Changed: Nov 8
Last Checked: Nov 10 at 8:13AM
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 Rick Gomolka Realty
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Investment Insights
Based on property information with market context.
This offering presents two adjacent, contiguous street-level office condo units delivered as a shell, ready for your customized design. The space is located within a mixed-use residential/commercial building and is well suited for professional uses such as medical and dental offices or other office tenants. The seller notes that parking lot and garage renovations are almost complete, and that recent special assessments have been paid.
Access to the units is available either from the concierge area at 6 Whittier or for business use through 7 Whittier on the right side of the building. The units are being sold as a lot as part of a broader portfolio arrangement that includes the office units (112S and 114S) and associated parking (one underground garage space and four lot spaces).
Monthly condo fees are listed as $1,861 for unit 114S and $969 for unit 112S, and the fees include heat, A/C, water, concierge, common area maintenance, and trash, but not electricity for the fan and general use. Parking condo fees are $231 per space.
Access to the units is available either from the concierge area at 6 Whittier or for business use through 7 Whittier on the right side of the building. The units are being sold as a lot as part of a broader portfolio arrangement that includes the office units (112S and 114S) and associated parking (one underground garage space and four lot spaces).
Monthly condo fees are listed as $1,861 for unit 114S and $969 for unit 112S, and the fees include heat, A/C, water, concierge, common area maintenance, and trash, but not electricity for the fan and general use. Parking condo fees are $231 per space.
Key Highlights
- Two adjacent street‑level office condo units offered as a shell for customized buildout
- Units 112S and 114S are contiguous and ready for your custom designs
- Condo fees: 114S is $1,861/mo and 112S is $969/mo, including heat, a/c, water, concierge, common area maintenance, and trash (excludes electricity for fan/general use)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,375
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,500
$767.5K
Cap Rate 7%
$548,214
$548.2K
Cap Rate 9%
$426,389
$426.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$68.0K $36.00/SF
− Vacancy
−$4.1K −$2.16/SF
EGI
$64.0K $33.84/SF
− OpEx
−$25.6K −$13.54/SF
NOI
$38.4K $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%
$767,500
Cap Rate 7%
$548,214
Cap Rate 9%
$426,389
Alternative Uses
Best Use
Office B
$865.5K
$757.3K – $1.01M
NOI $60,583 @ 7.0% cap · market cap 10.11%
Second Best
Healthcare Medical
$548.2K
$479.7K – $639.6K
NOI $38,375 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$983.3K
$860.4K – $1.15M
NOI $68,829 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,626
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
$927,900
Median Home Value
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Market
Average Price Trend$/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 - Two adjacent street-level office condo units are offered as a shell for customized buildout.
Where is this office unit located?
The property is located at 7 Whittier Unit 112S-114S Boston, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two adjacent street‑level office condo units offered as a shell for customized buildout; Units 112S and 114S are contiguous and ready for your custom designs; Condo fees: 114S is $1,861/mo and 112S is $969/mo, including heat, a/c, water, concierge, common area maintenance, and trash (excludes electricity for fan/general use)
