The Newbury Galleria is located at 225-227, 254, and 270 Newbury Street, in the heart of esteemed Newbury Street, Boston's luxury shopping & retail destination. The Newbury Galleria is positioned in one of Bostons most sought after neighborhoods, the Back Bay, which offers superb transit options and proximity to major highways. The properties are centrally located to Bostons top employment districts, including Downtown Boston, the Longwood Medical Area, and The Prudential, providing immediate access to many of the areas major employers. The portfolio includes 25 residential units, 9,664 SF of retail space, and 18 parking spaces. The portfolio offers upside potential through retail repositioning and unit renovations with existing tenants including Dunkin Donuts and Tervis Tumbler. The Newbury Galleria presents an unsurpassed opportunity to own a one-of-a-kind portfolio of Back Bay brownstones. Portfolio and individual offers will be entertained for this dynamic offering.
Listed by Christopher Sower of Colliers International
Subject property is currently nearing the end of the 40T affordable housing designation and as part of this process the Department of Housing Community Development (DHCD) retains the right of first refusal on all sales. A more detailed summary of this is outlined in our offering memorandum.All buyers must sign an NDA and be pre-qualified to receive offering memorandum and financials.Seller reserves the right to accept or reject any and all offers on or before August 11,2016 the bid date.
Listed by Michael Carucci of Gibson Sotheby's International Realty
Spectacular opportunity to purchase a totally gut renovated 5 unit building with state of the art construction and finishes. This income property has just undergone a 18 month complete renovation of the highest standards.
Listed by Richard K. Hollander of Coldwell Banker Residential Brokerage - Boston - Beacon Hill
Premier Location on America's grandest and most prestigous avenue. Commonwealth Avenue Magnificent 5 story Townhouse. Currently configured as 5 units consisting of 4 two BR & 1 one BR floor-through apartments. BBAC Approved Penthouse addition = 799 SF. BBAC Approved 3 car Garage & Deck overlooking Mall. 2 Additional exterior parking spaces. Private Garden. Rich in Victorian detail including Bay windows, soaring ceilings, fireplaces, and stained glass windows. Original central staircase. Spectacular Views of Commonwealth Mall, Prudential & John Hancock Tower. Ideal for owner occupant to create elegant single family home or luxury condos OR Trophy Asset to renovate and rent luxury apartments. Steps to Newbury Street shops, fine dining, downtown and public transport. Property delivered vacant.
Listed by Shelagh Brennan and Joseph Palermino of Cabot & Company
Rare once in a generation investment opportunity. "The Chestnut Hill" at 219 Commonwealth Ave a classic 28-unit building in one of Greater Boston's premier rental locations. 100% occupied with an incredible rental history of near zrero vacancy, this Tudor Revival style building sits just moments from the entrance to Boston College and the MBTA Green Line. It's strong mix of primarily one bedroom units (plus a few studios and 2 BRs and one spacious duplex 3 BR unit) and desirable location have the building pre-rented for the coming year with many tenants staying for multiple years. Many nits boast views of the Boston Marathon route (which runs right by the front door on Comm Ave) and the Waban Hill Reservoir next door. Hardwood floors, several fireplaces and great detail along with open unit layouts throughout. Tours to begin the week of July 11, call for offers to follow - offered on a unpriced basis - price is only an estimate of suggested value
Listed by Todd Glaskin of Coldwell Banker Residential Brokerage - Newton - Centre St.
Richly Detailed & Rarely available 5 level multi-unit townhouse in prime location in the heart of the Back Bay. Currently configured as 7 apartments + lodging units. This exceptionally wide townhouse has been meticulously renovated and retains exquisite Victorian detail including 8 hand carved fireplaces, intricate ceiling medallions & moldings, soaring ceilings,& hardwood floors. Bay windows afford beautiful sunlight. The parlor level apartment enjoys 13' ceilings, bay window overlooking Beacon, Sumptuous Master Suite with honey onyx Bath, and lushly landscaped terrace. The second floor 3 BR apt. boasts the original wood paneled library w handsome fireplace & south facing deck. Grandly proportioned rooms perfect for entertaining. Robust rental income.Ideal for single family manse, luxury condos or keep as prime investment property. Capital improvements inc.new roof, new gutters, downspouts & paved parking area for 4 cars.Seamless blend of Boston's Gilded Age & 21st century amenities.
Listed by Shelagh Brennan, Eric Shabshelowitz and Michael Schwartz of Cabot & Company
Taking offers. 2 Units. 5.1% cap one Apartment and a restaurant in bustling Brookline! Location Location Location. The coveted retail segment is under lease for next 6 years with very successful national multi locations operator. Restaurant recent $2 million-plus buildout . All equipment and installed furniture as well as 1am Brookline full liquor license stays with property at end of lease. Some of equip inc walk-in Frig and Freezer, Elevator to basement for deliveries, fully built out patio area another 600 sf. not included in calculations. Upstairs is a 3 bedroom apartment . Renovated in 03 features 3 bds and 1.5 bths approximately 1525 sf. Unit also has an enormous walk out roof patio over 1000 sf. market rent at appx $4500 a month. The dining room could be framed in for an additional bedroom and even higher rent for a 4 bedroom. After you subtract out the value of full Brookline liquor license property is year 1 is a 5.1% cap!! Lease goes full market in 5 years cap will be 6.5%.
Listed by Herb Entwistle of Cityscapes International Realty Group
This property is being marketed as part of a portfolio offering including the adjacent building for a cumulative 40-unit, 2 building portfolio. This unique portfolio consists of 40 units, ± 14,000 SF* that offers investors the opportunity to own an unprecedented amount of density in an ultra-high barrier to entry market. Both buildings will be delivered vacant. Unencumbered by leases, these assets offer substantial upside by immediately repositioning to luxury apartment rentals or condominium units.
Listed by Jason Weissman and Kevin Benzinger of Boston Realty Advisors
Rare Find In Katama: Waterfront Compound With Pond, Dock And Private Beach Access. Located at the end of a private winding drive and set on over three bucolic acres, this spectacular waterfront property is comprised of a Main House plus Guest House -- with a total of seven bedrooms -- making it an ideal family compound or rental property. Both shingle-style contemporary homes feature open-designed living spaces with vaulted ceilings, an abundance of glass and expansive decks to maximize indoor and outdoor living. Surrounded by a natural landscape of shady mature oaks, pines and maples, and a lush lawn that leads to the water's edge, this property faces west across the Edgartown Great Pond, providing afternoons basked in warm golden light that softly turn into brilliant colored sunsets. This property boasts one of the few rare private docks located on the Edgartown Great Pond, and access to a private, sandy association beach is also just minutes away by boat. Strong rental history.
ATTENTION INVESTORS! Take advantage of this rare opportunity to own a newly renovated 4-family BRICK building in the heart of Coolidge Corner. 142 Fuller offers four luxury units with a variety of high-end amenities (see spec sheet attached). The building features a total of 12 bedrooms and 15 baths (4, 3 Bed/3.5 Bath units; 1, 3 Bed/3 Bath unit), recently upgraded and separately metered mechanical systems (plumbing, electric, HVAC), central fire protection/sprinkler system, new TPO roof with enormous roof deck, and private off-street parking. Rental prices for comparable units in the neighborhood are as high as $7-8k+ per month--assuming these figures, the building has a potential to yield income over $360k/year and over a 6% CAP before expenses. Converting to condos in the future also presents a potentially lucrative investment opportunity as the prices of newly renovated properties in Coolidge Corner and Brookline continue to soar. Currently vacant and easy to show!
Listed by Benjamin Mandelbraut of AJM Group Realty, Inc.
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