Mixed-Use Brownstone on Newbury
For Sale
Contact for pricing
297 Newbury St, Boston, MA 02115
Mixed-use property in the heart of Boston's Back Bay.
Property Size6,700 SF
Price / SF$0.01
Days on Market184
Property Features for 297 Newbury St
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Site & Location
Neighborhood
Back Bay
Building Details
Year Built
1899
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Apr 25
Changed: Oct 23
Last Checked: Oct 24 at 6:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lock and Key Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use brownstone, situated on Newbury Street in Boston's Back Bay, offers approximately 6,700 square feet of retail and office space. The property is positioned near retail and dining options, with convenient access to Copley Square, the Boston Public Garden, and the MBTA Green Line.
Key Highlights
- Located on Newbury Street in Boston's Back Bay.
- Mixed‑use property with retail and office space.
- Approximately 6,700 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,805
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,100
$3.2M
Cap Rate 7%
$2,311,500
$2.3M
Cap Rate 9%
$1,797,833
$1.8M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$281.4K $42.00/SF
− Vacancy
−$22.5K −$3.36/SF
EGI
$258.9K $38.64/SF
− OpEx
−$97.1K −$14.49/SF
NOI
$161.8K $24.15/SF
Area
ZIP 02115
Vacancy
8.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,100
Cap Rate 7%
$2,311,500
Cap Rate 9%
$1,797,833
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.70M
NOI $161,805 @ 7.0% cap · market cap 323,610.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.15M
$4.50M – $6.01M
NOI $360,372 @ 7.0% cap · market cap 720,744.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,535
Businesses Nearby
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Business Placement
Demographics for 02115, MA
31,604
Population
11,556
Households
2.7
Avg Household Size
25
Median Age
67%
College-Educated
91%
High-School Grad
0.7 sq mi
ZIP Area
45,149
Density / Sq Mi
$53,398
Median Household Income
$13,950
Median Earnings
$2,033
Median Rent
$1,015,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in the heart of Boston's Back Bay.
Where is this mixed-use property located?
The property is located at 297 Newbury St Boston, MA.
What are key features of this property?
This property features: Located on Newbury Street in Boston's Back Bay.; Mixed‑use property with retail and office space.; Approximately 6,700 square feet.
