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Yon Building 42 Summer St 34,094 SF 100% Leased Office Building Pittsfield, MA 01201 $1,900,000 ($55.73/SF) 9.84% Cap Rate
Investment Highlights
- 9.86% Cap | 100% Leased Medical + Fitness | Downtown Pittsfield | $1.9M
- Historic 3-story Yon Building, ±34,094 SF, elevator, sprinklers, on-site parking plus municipal lot across the street
- Credit stack: Berkshire Medical Center + Quest Diagnostics (NYSE: DGX)
Executive Summary
The Yon Building at 42–56 Summer Street is a fully leased downtown Pittsfield investment offered at $1,900,000. Trailing-twelve-month NOI of $187,261 produces a 9.86% cap rate — in-place cash flow in a landmark three-story masonry building with on-site parking.
Berkshire Fitness occupies the entire first floor and has operated a gym at this address since 2001, with a contractual increase already scheduled for October 2026. Berkshire Healing Arts has occupied the third floor since at least 2010 and holds options through 2035. Berkshire Medical Center leases a second-floor outpatient suite through April 2029. Quest Diagnostics, a publicly traded national laboratory, has been in the building since 2010 and just extended through January 2030. Medical and diagnostic users represent roughly half of base rent; no single tenant dominates the roll. Income is already growing. All four leases contain contractual rent steps. No speculative lease-up is required.
The building is elevator-served and wet-sprinklered, with a glazed storefront, on-site parking, and the municipal Summer Street lot directly across the street. Ownership has upgraded the HVAC system, reconstructed the building parking lot, modernized the elevator, and completed façade and masonry work. Near-term capital needs are modest.
Leases are modified-gross. The landlord carries taxes, insurance, and most operating lines. BMC reimburses 8.25% of CAM; Healing Arts reimburses 65.9% of third-floor heating gas. Adjacent parking at 73 and 95 Union Street is available under separate purchase and is not included in this offering.
Downtown Pittsfield is Berkshire County’s commercial and healthcare hub — one block off North Street, a short walk from Berkshire Medical Center’s main campus and the Amtrak station. At ±$56 per square foot, the basis is a fraction of replacement cost for a three-story elevator masonry building with this parking.
Fee simple. Tours by appointment only. Please do not contact tenants. Inquiries: admin@skytopre.com
Berkshire Fitness occupies the entire first floor and has operated a gym at this address since 2001, with a contractual increase already scheduled for October 2026. Berkshire Healing Arts has occupied the third floor since at least 2010 and holds options through 2035. Berkshire Medical Center leases a second-floor outpatient suite through April 2029. Quest Diagnostics, a publicly traded national laboratory, has been in the building since 2010 and just extended through January 2030. Medical and diagnostic users represent roughly half of base rent; no single tenant dominates the roll. Income is already growing. All four leases contain contractual rent steps. No speculative lease-up is required.
The building is elevator-served and wet-sprinklered, with a glazed storefront, on-site parking, and the municipal Summer Street lot directly across the street. Ownership has upgraded the HVAC system, reconstructed the building parking lot, modernized the elevator, and completed façade and masonry work. Near-term capital needs are modest.
Leases are modified-gross. The landlord carries taxes, insurance, and most operating lines. BMC reimburses 8.25% of CAM; Healing Arts reimburses 65.9% of third-floor heating gas. Adjacent parking at 73 and 95 Union Street is available under separate purchase and is not included in this offering.
Downtown Pittsfield is Berkshire County’s commercial and healthcare hub — one block off North Street, a short walk from Berkshire Medical Center’s main campus and the Amtrak station. At ±$56 per square foot, the basis is a fraction of replacement cost for a three-story elevator masonry building with this parking.
Fee simple. Tours by appointment only. Please do not contact tenants. Inquiries: admin@skytopre.com
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
34,094 SF
Building Class
B
Year Built
1890
Price
$1,900,000
Price Per SF
$55.73
Cap Rate
9.84%
NOI
$187,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,365 SF
Building FAR
0.88
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
BD - D-C-D (Downtown Creative District)
Parking
50 Spaces (1.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
- Locker Room
- Shower Facilities
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Yon Building | 42 Summer St