21 Merchants Row #2
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Relisted | $854,000 | |
| Relisted | |||
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Nov 27, 2023 | Listed by Senne | $854,000 | |
| Listed by Senne | |||
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Prime downtown Boston location, adjacent to Faneuil Hall! Expansive 2nd floor, corner unit, flanked with windows on two sides, flooding light into the space, provides excellent exposure. Elevator, offers easy access. Currently designed and outfitted as a Dental office. The space consists of open waiting room, spacious reception area, private office, plus 7 dental areas, each with a sink, a kitchenette,w.dishwasher, and small private office. Featuring exposed brick and beam through out. Currently has dropped ceilings that may be removed to create a loft style feel. The unit shares newly remodeled bathrooms, located in the shared foyer. Abundant plumbing makes this space perfect for many businesses, such as hair salon, barber shop, wellness spa, tattoo, piercing studio, eyelash and brow studio, massage therapy. Situated in the Financial district, offers an easy walk for patrons, min to multiple T- stops, 5 min walk to Waterfront and available garage parking next door.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/27/2023
|
Loft
|
-
|
-
|
$879,000
Loft
-
|
$805,000
-8.42%
06/04/2024
|
Konstantino Grapsas
Engel & Volkers Boston
|
Building Info
About Downtown Boston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017