Financial
Distress signals
Property profile

240 Commercial St 246 Boston, MA 02109

OFF-MARKET
Office buildings
Property ID
US38-1172011
15,280 SF 0.07 ac lot Built 1910
Last sale Apr 2019 · $8,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 240 Commercial Street is an office space located in Boston’s North End/Waterfront area, near Boston Harbor and waterfront landmarks including Battery Wharf and Union Wharf, as well as the North End pool, public parks, and the New England Aquarium. The office space has city and harbor views and totals approximately 2,400 square feet. Vehicle access is available via Interstate 93, Storrow Drive, and the Massachusetts Turnpike.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$122k
Tax billed · 2024
Assessed value$4.82M
Assessed land$1.97M
Assessed improvement$2.85M
Effective rate2.53%

Value estimate

· Sep 2026
$4.91M
$4.42M – $5.40M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$615/SF
Submarket average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$318 – $1,037
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C
JurisdictionBOSTON

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.3
Pet Grooming Service8.8
Kid Store8.2

Location

240 Commercial St, Unit 246 Boston, MA 02109-1315
County assessor Recorded deeds · 4 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Liberty, Boston, MA 02109-4811 $4,500,000 Dec 2024 26,250 SF
15-19 Broad, Boston, MA 02109 $13,500,000 Oct 2024 75,890 SF
1 Liberty, Boston, MA 02109-4825 $45,000,000 Sep 2023 176,241 SF
13-15 Congress, Boston, MA 02109 $14,000,000 Apr 2022 10,992 SF
50-52 Broad, Boston, MA 02109 $5,600,000 Nov 2021 9,947 SF
10 Post Ofc, Boston, MA 02109-4603 $238,716,700 May 2019 163,834 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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