230 Newbury St - Apartments FOR SALE


Boston, MA 02116
$38,000,000 USD
617-457-3266
230 Newbury St, Boston, MA for Sale
$38,000,000 USD
Apartments - FOR SALE
1/38
null | 5.89% Cap Rate

230 Newbury St
Boston, MA 02116


HIGHLIGHTS

  • TROPHY INVESTMENT PROPERTY
  • TRANSIT ORIENTED - 100 WALKSCORE
  • PRIME LOCATION
  • DIVERSE TENANT ROSTER

OVERVIEW

Hunneman is pleased to present an exceptional opportunity for investors: the chance to acquire a substantial portfolio on Newbury Street, Boston’s legendary shopping destination. 222-232 Newbury Street is comprised of six (6) adjacent buildings. . The mixed-use portfolio includes thirteen (13) retail suites, twenty-four (24) apartment units, and three (3) offices totaling 41,072 ± SF. There is off-street parking for six (6) vehicles. This rare real estate offering includes in-place income and future rental growth by renewing and leasing all units at full market rents. The buildings are available for sale as a package or in pairs of two: 222-224 Newbury St. $10,500,000 226-228 Newbury St. $13,500,000 230-232 Newbury St. $14,000,000

FOR SALE DETAILS

PRICE

$38,000,000 USD

PRICE/SF

$5,249 USD /SF

# OF UNITS

40

PRICE/UNIT

$950,000

CAP RATE

5.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Buildings in a Row, 41,072 SF, Mixed-Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1899

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,896 SF

ZONING

MU

APN/PARCEL ID

CBOS-000000-000005-003219

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.