1040 STATE ST
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Location
1040 STATE ST
Mblu
198/ 0420/ 00100/ /
Acct#
198 0420 00100
Owner
CH LIGHTHOUSE CORSAIR LLC
Total Market Value
$45,500,000
Appraisal
$65,000,000
PID
10482
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$50,720,000$14,280,000$65,000,000
Assessment
Valuation YearImprovementsLandTotal
2025$35,504,000$9,996,000$45,500,000

Owner of Record
OwnerCH LIGHTHOUSE CORSAIR LLC
Co-OwnerATTN: ALEN YILDIZYAN
AddressC/O CROSSHARBOUR CAPITAL PARTNERS LLC
ONE BOSTON PL 23RD FLOOR
BOSTON, MA 02108
Sale Price$89,800,000
Certificate
Book & Page 9681/0152
Sale Date02/20/2018
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
CH LIGHTHOUSE CORSAIR LLC$89,800,000 9681/01520002/20/2018
CRP/PR STATE STREET LLC$0 9184/03422508/18/2014
SEYMOUR A COHEN LLP$028650/03222501/28/2011
SEYMOUR A COHEN LLP$018650/03142501/28/2011
SEYMOUR COHEN PARTNERSHIP ET AL$0 7894/0220403/07/2007

Building Information
Building 1 : Section 1
Year Built: 2015
Living Area: 7,345
Replacement Cost: $1,191,653
Building Percent Good: 97
Replacement Cost
Less Depreciation:
$1,155,900
Building Attributes
FieldDescription
Style:Apt 1-7 st
ModelCommercial
GradeSuperior
Stories:2
Occupancy6.00
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas/Oil
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseAPT5 - 12 MDL-94
Total Rooms13
Total Bedrms09
Total Baths8
NBHD Code 
1st Floor Use:4010
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingABOVE AVERAGE
Ceiling/WallTYPICAL
Rooms/PrtnsAVERAGE
Wall Height16.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,060 4,060
FUSFinished Upper Story 3,458 3,285
SLBSlab 4,060 0
   11,578 7,345
Building 2 : Section 1
Year Built: 2015
Living Area: 218,102
Replacement Cost: $57,320,174
Building Percent Good: 95
Replacement Cost
Less Depreciation:
$54,454,200
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Apt 1-7 st
ModelCommercial
GradeGRADE A++
Stories:5
Occupancy232.00
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsphalt
Interior Wall 1Plywood Panel
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas/Oil
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseAPT Over12 MDL-94
Total Rooms 
Total Bedrms319
Total Baths 
NBHD Code 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingABOVE AVERAGE
Ceiling/WallTYPICAL
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 193,422 183,751
BASFirst Floor 34,351 34,351
OPAOpen Pkg Area 87,560 0
   315,333 218,102

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR2WET/CONCEALED7518.00 S.F.$23,300$16,3101
SPR3DRY87560.00 S.F.$271,400$189,9802
SPR2WET/CONCEALED193420.00 S.F.$599,600$419,7202
ELV2PASS ELEV6.00 STOPS$186,000$130,2002
ELV2PASS ELEV5.00 STOPS$155,000$108,5002
ELV2PASS ELEV6.00 STOPS$186,000$130,2002

Land
Land Use
Use Code112C
DescriptionAPT Over12 MDL-94  
ZoneIL
NeighborhoodST1
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)3.09
Frontage0
Depth0
Total Market Land$9,996,000
Appraised Value$14,280,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
SPL3GUNITE  960.00 S.F.$28,100$19,6702
PAT2PATIO-GOOD  10000.00 S.F.$48,800$34,1602
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$50,720,000$14,280,000$65,000,000
2024$50,720,000$14,280,000$65,000,000
2023$50,720,000$14,280,000$65,000,000

Assessment
Valuation YearImprovementsLandTotal
2025$35,504,000$9,996,000$45,500,000
2024$35,504,000$9,996,000$45,500,000
2023$35,504,000$9,996,000$45,500,000

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