6 Buildings in a Row, 41,072 SF, Mixed-Use | 230 Newbury St
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6 Buildings in a Row, 41,072 SF, Mixed-Use 230 Newbury St
40 Unit Apartment Building $38,000,000 ($950,000/Unit) 5.89% Cap Rate Boston, MA 02116
Investment Highlights
- TROPHY INVESTMENT PROPERTY
- PRIME LOCATION
- TRANSIT ORIENTED - 100 WALKSCORE
- DIVERSE TENANT ROSTER
Executive Summary
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
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
Property Facts
| Price | $38,000,000 | Apartment Style | Mid Rise |
| Price Per Unit | $950,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.89% | Building Size | 41,072 SF |
| No. Units | 40 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | Parking Ratio | 0.15/1,000 SF |
| Price | $38,000,000 |
| Price Per Unit | $950,000 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 41,072 SF |
| No. Stories | 5 |
| Year Built | 1899 |
| Parking Ratio | 0.15/1,000 SF |
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (94)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | CBOS-000000-000005-003219 | Improvements Assessment | $1,932,000 |
| Land Assessment | $3,617,900 | Total Assessment | $5,549,900 |
PROPERTY TAXES
Parcel Number
CBOS-000000-000005-003219
Land Assessment
$3,617,900
Improvements Assessment
$1,932,000
Total Assessment
$5,549,900
zoning
| Zoning Code | MU (Mixed use) |
| MU (Mixed use) |
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6 Buildings in a Row, 41,072 SF, Mixed-Use | 230 Newbury St
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