120 Brookside #C3, Boston, MA 02130

Building Details

Building Size 2,021 SF More

Year Built 2021 More

Listing Agency: City Realty Group Show Phone

Listed By: Sean Rose · License MA #9567526 Show Phone

Source: Iverty

Added: Aug 31 Changed: Nov 12 Last Checked: Nov 12 at 7:21AM

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Investment Insights

Based on property information with market context.

This retail and office condominium contains approximately 965 square feet arranged over two levels. Completed in 2021, the unit is suited to retail or professional service uses, with examples including personal care, legal, accounting, dental, medical, and physical therapy practices. Its zoning is listed as LI, Legal Conforming.

The property is at 120 Brookside in Boston’s Jamaica Plain area, approximately 0.1 miles from the MBTA Green Street station. Street parking is available nearby, and the surrounding area includes residential density.

Key Highlights

• Approximately 965 SF across two levels
• New construction completed in 2021
• LI, Legal Conforming zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,558

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$471,160 $471.2K

Cap Rate 7%

$336,543 $336.5K

Cap Rate 9%

$261,756 $261.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 965 SF

Gross rent

$40.5K $42.00/SF

− Vacancy

−$2.8K −$2.94/SF

EGI

$37.7K $39.06/SF

− OpEx

−$14.1K −$14.65/SF

NOI

$23.6K $24.41/SF

Area

Boston, MA

Vacancy

7.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$471,160

Cap Rate 7%

$336,543

Cap Rate 9%

$261,756

Alternative Uses

Best Use

Mixed Use

$336.5K

$294.5K – $392.6K (±1% cap)

NOI $23,558 @ 7.0% cap · market cap 5.82%

Second Best

Retail

$222.5K

$194.7K – $259.6K (±1% cap)

NOI $15,576 @ 7.0% cap · market cap 3.85%

Theoretical Best

Office A

$722.6K

$632.3K – $843.0K (±1% cap)

NOI $50,581 @ 7.0% cap · market cap 12.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Sunshine Roofing Roofing Company The Residences at Brookside Green Condominium Complex AVARIA Advertising Agency All Aces, Inc. Training Center Jay & Son Roofing Roofing Company

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Big Box & Wholesale Store Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,877

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Home Improvements & Furnishings 41% Apparel 12%

Hardware City Inc Home Improvements & Furnishings

3,764 visits/mo 0.4 miles

TD Bank Shops & Services

2,772 visits/mo 0.4 miles

Citizens Bank Shops & Services

2,551 visits/mo 0.4 miles

Yumont True Value Hardware Home Improvements & Furnishings

2,302 visits/mo 0.4 miles

Extra Space Storage Shops & Services

2,176 visits/mo 0.4 miles

Demographics for 02130, MA

38,284

Population

18,802

Households

2

Avg Household Size

36

Median Age

73%

College-Educated

94%

High-School Grad

3.5 sq mi

ZIP Area

10,938

Density / Sq Mi

$130,533

Median Household Income

$73,238

Median Earnings

$2,434

Median Rent

$763,700

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Boston, MA

$517 Jul

$579 Aug

$564 Sep

$608 Oct

Properties on Market for Mixed-use properties in Boston

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Boston, MA

3.9% 2019

4.6% 2020

4.2% 2021

4% 2022

3.5% 2023

3.2% 2024

3.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The newly built space accommodates retail and professional-service functions across two levels.

Where is this mixed-use property located?

The property is located at 120 Brookside #C3 Boston, MA.

What is the asking price?

The asking price for this property is $405,000.

What are key features of this property?

This property features: Approximately 965 SF across two levels; New construction completed in 2021; LI, Legal Conforming zoning