Financial
Distress signals
Property profile

31 Milk St Boston, MA 02109

FOR LEASE
Other office properties
Property ID
US38-0171145
95,037 SF 2.18 ac lot Built 1923
Last sale Jan 2025 · $9,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
31 Milk St, Boston, MA 02109 For Lease
$9,290,000 34,917 SF available
31 Milk St, Boston, MA 02109
View Listing

Property summary

AI-generated overview

31 Milk Street is a boutique office building located in Boston’s central business district, positioned between Downtown Crossing and Post Office Square Park. The building’s setting provides walkable access to retail, dining, hotels, and nearby public transportation, including MBTA subway lines, as well as several public parking garages within walking distance. The property includes on-site security and offers 24/7 access. It contains 1,981 square feet of office space and has undergone capital

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$645k
Tax billed · 2024
Assessed value$25.54M
Assessed improvement$25.54M
Effective rate2.53%

Value estimate

· Sep 2026
$9.29M
$8.36M – $10.22M
AI approach$11.74M
Sales comparison$10.37M

Realmo valuation models over county records and 4 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 comparables4

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 Service10.5
Kid Store8.0
Butcher7.3

Location

31 Milk St Boston, MA 02109
County assessor Recorded deeds · 7 transfers 4 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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