Building Details

Year Built 1899

Listing Agency: Compass Show Phone

Listed By: Shahab Madadi · License #9577485 Show Phone

Source: Lockandkeyre

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 8:30AM

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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 Compass

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Investment Insights

Based on property information with market context.

The fourth-floor suite at 73 Newbury Street provides approximately 2,250 square feet of office and creative space within a building constructed in 1899. Direct elevator service opens to a flexible plan featuring a broad shared work area, private offices, conference room, reception zone, kitchenette, and two restrooms. Exposed brick and skylights add architectural character while supporting the suite’s bright interior.

The property is in Boston’s Back Bay, surrounded by restaurants, hotels, retail, and neighborhood amenities. Arlington and Copley MBTA stations, the Public Garden, and Boylston Street are all steps away, providing convenient access to transit and nearby destinations.

Key Highlights

• Approximately 2,250 square feet of full‑floor office and creative space
• Fourth‑floor suite with direct elevator access
• Flexible layout includes open work area, private offices, conference room, reception, and kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,648

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,532,960 $1.5M

Cap Rate 7%

$1,094,971 $1.1M

Cap Rate 9%

$851,644 $851.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,250 SF

Gross rent

$121.2K $53.88/SF

− Vacancy

−$19.0K −$8.46/SF

EGI

$102.2K $45.42/SF

− OpEx

−$25.5K −$11.36/SF

NOI

$76.6K $34.07/SF

Area

ZIP 02116

Vacancy

15.70%

Lease Rate

$53.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,532,960

Cap Rate 7%

$1,094,971

Cap Rate 9%

$851,644

Alternative Uses

Best Use

Office B

$1.09M

$958.1K – $1.28M (±1% cap)

NOI $76,648 @ 7.0% cap · market cap 159,683.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.33M

$1.17M – $1.55M (±1% cap)

NOI $93,239 @ 7.0% cap · market cap 194,247.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Goldberg Dermatology Associates Medical Clinic Melissa Schneider, MD Physician Dr. David J. ... Physician APEX Behavioral Consulting Crisis Center Consensus Advisors LLC Business Management Consultant

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply HVAC Service Kitchen & Bath Showroom Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12,463

Businesses Nearby

Explore this area Business Placement

Demographics for 02116, MA

23,408

Population

14,110

Households

1.7

Avg Household Size

36

Median Age

77%

College-Educated

93%

High-School Grad

0.6 sq mi

ZIP Area

39,013

Density / Sq Mi

$127,309

Median Household Income

$85,296

Median Earnings

$2,341

Median Rent

$1,583,500

Median Home Value

Market

Vacancy Rate% for Office in Boston, MA

9.1% 2019

12.4% 2020

10.8% 2021

12.5% 2022

15.1% 2023

17% 2024

18.2% 2025

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Frequently Asked Questions

What type of property is this?

Creative space - Fourth-floor suite with elevator access, natural light, exposed brick, and adaptable offices for professional or creative use.

Where is this creative space located?

The property is located at 73 Newbury St. Unit 4 Boston, MA.

What are key features of this property?

This property features: Approximately 2,250 square feet of full‑floor office and creative space; Fourth‑floor suite with direct elevator access; Flexible layout includes open work area, private offices, conference room, reception, and kitchenette