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

40 Unit Apartment Building | $40,000,000 ($1,000,000/Unit) | 5.60% Cap Rate | Boston, MA 02116

Asking Price $40,000,000

Property Type: Multifamily
Square Feet: 41,072 SF

Listing Contacts

Dan McGee

Verified Profile

Carl Christie

Verified Profile

Property Info

Property 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. $14,500,000
230-232 Newbury St. $15,000,000

Property Details

Class: B
Year Built: 1899
Stories: 5
Lot Size (sq. ft): 14,810 SF
Units: 40

Highlights

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

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