Financial
Distress signals
Property profile

45 Milk St Boston, MA 02110

FOR LEASE
Office buildings
Property ID
US38-1699575
81,120 SF 0.19 ac lot Built 1908
Last sale Jun 2013 · $21,000,000
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

45 Milk Street is a nine-story office building with an exterior comprised of polished grey granite and carved limestone. Located in downtown Boston, it is positioned approximately midway between North Station and South Station, with access to MBTA lines within about a five-minute walk, and it has nearby parking options. The interior ceiling heights range from approximately 8 feet 6 inches to more than 13 feet. The building is configured and suitable for office use.

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?
$756k
Tax billed · 2024
Assessed value$29.90M
Assessed land$7.19M
Assessed improvement$22.71M
Effective rate2.53%

Value estimate

· Sep 2026
$28.19M
$25.37M – $31.01M
CAP approach$39.25M

Realmo valuation models over county records.

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

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 Service9.5
Kid Store8.0
Butcher7.3

Location

45 Milk St Boston, MA 02110
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file 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
10 Post Ofc, Boston, MA 02109-4603 $238,716,700 May 2019 163,834 SF
240 Commercial, Boston, MA 02109-1315 $8,500,000 Apr 2019 15,280 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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