Price cut −3%
$51,570,000
7.8% cap · 52,410 sq ft RBA · Class C
179 Dorchester Ave
Boston, MA 02116
Listed 6 months ago$984/sq ft
01 / 09
Price cut −4%Open Jul 26, 2026For SaleMixed Use
$53,845,000
2299 Columbus Ave
Back Bay · Boston, MA 02118
$1107/sq ft115 days on market2.2K views48 saves
Key facts
- Interior
- 48,660 sq ft
- Lot
- 3.51 acres
- Year built
- 1930
- Property type
- Mixed Use
- Price / sq ft
- $1107/sq ft
- Annual taxes
- $581,530
- Days on market
- 115
Getting around
Walk Score99
Walker's Paradise
Transit Score98
Rider's Paradise
Bike Score90
Biker's Paradise
About this property
Stabilized mixed-use building in one of Boston's tightest submarkets, delivered with in-place income. The improvements include monument signage, ground-floor retail and roof deck amenity. Offers reviewed as received.
Investment summary
Investment summary
Cap rate
5.60%
Net operating income ÷ price
Net operating income
$3,015,320
Annual, after operating expenses
Cash-on-cash
−0.7%
$109,659 annual shortfall on $16,153,500 equity
Occupancy86%
41,848 sq ft leased of 48,660 sq ft
- Tenants
- 10
- Rentable area
- 48,660 sq ft
- Price / sq ft
- $1107/sq ft
- WALE
- 8.5 yrs
- Lease type
- Full Service
- Building class
- Class B
- Zoning
- MX-3
- Parking
- 114 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $3,124,979 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Interior
- Ground-Floor Retail
Systems & Efficiency
- Sprinkler System
Parking & Access
- Freight Elevator
Highlights
- Monument Signage
- 24/7 Card Access
- Opportunity Zone
- Below-Market Rents
- Value-Add Upside
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2022-10-19 | Sold | $44,996,000 |
| 2026-04-01 | Listed | $55,781,000 |
| 2026-05-11 | Price cut | $53,845,000 |
Location
Back Bay, Boston — Suffolk County
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Approximate location · Back Bay
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Estimated monthly
$333,609/mo
- Principal & interest81%$269,443
- Property tax15%$48,461
- Home insurance5%$15,705
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $43,076,000 · 30 yr · 6.40%
