Storefront Property with Two
For Sale
Contact for pricing
53-55 Bromfield Street, Boston, MA 02108
Commercial building includes two kitchens and permits for five residential units above the ground-floor space.
Property Size3,576 SF
Lot Size0.03 Acres
Price / SF$643.18
Days on Market15
Property Features for 53-55 Bromfield Street
General Information
Standard status
Active
Size
3,576 SF
Lot size
0.03 Acres
Property subtype
Retail
Zoning
C
Building Details
Year Built
1910
Buildings
1
Stories
2
Units
3
Listing Agency:
Prestige Homes Real Estate
Listed By:
Lina Verderese · License #9559662
Source:
Crexi
Added: Aug 19
Changed: Aug 30
Last Checked: Sep 1 at 9:27PM
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 Prestige Homes Real Estate
Investment Insights
Based on property information with market context.
The 3,576-square-foot storefront property at 53-55 Bromfield Street includes two kitchens and a ground-floor commercial area. The building’s prior bar and restaurant use supports a restaurant-oriented configuration, with the kitchens arranged to allow operation as two separate restaurants or as a single establishment. The property was built in 1910 and occupies a 1,253-square-foot lot.
Permits are in hand for five residential units above the commercial space, creating a mixed-use layout within the existing building. The property is located in Boston, Massachusetts, with zoning designated C.
Permits are in hand for five residential units above the commercial space, creating a mixed-use layout within the existing building. The property is located in Boston, Massachusetts, with zoning designated C.
Key Highlights
- 3,576 SF storefront building on a 1,253 SF lot
- Two kitchens support separate restaurant operations or one combined establishment
- Permits in hand for 5 residential units above the ground‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,745,980
$1.7M
Cap Rate 7%
$1,247,129
$1.2M
Cap Rate 9%
$969,989
$970.0K
Market Conditions
NOI Build-Up for 3,576 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$150.2K $42.00/SF
− Vacancy
−$10.5K −$2.94/SF
EGI
$139.7K $39.06/SF
− OpEx
−$52.4K −$14.65/SF
NOI
$87.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,745,980
Cap Rate 7%
$1,247,129
Cap Rate 9%
$969,989
Alternative Uses
Best Use
Mixed Use
$1.25M
$1.09M – $1.45M
NOI $87,299 @ 7.0% cap · market cap 3.80%
Second Best
Specialty Retail
$983.5K
$860.5K – $1.15M
NOI $68,842 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,440 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30,771
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 21%
Beauty & Spa 16%
Shops & Services 12%
McDonald's
Dining
31,271 visits/mo
0.2 miles
Marriott Vacation Club Pulse at Custom House, Boston
Hotels & Casinos
15,363 visits/mo
0.4 miles
Sephora
Beauty & Spa
13,861 visits/mo
0.3 miles
Santander Bank
Shops & Services
7,110 visits/mo
0.5 miles
Marsh
Groceries
5,564 visits/mo
0.5 miles
Demographics for 02108, MA
4,228
Population
2,473
Households
1.7
Avg Household Size
38
Median Age
77%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
14,093
Density / Sq Mi
$212,664
Median Household Income
$95,688
Median Earnings
$2,692
Median Rent
$1,570,400
Median Home Value
Market
Vacancy Rate% for Retail in Boston, MA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- flowersinboston.com — 145 dartmouth st, boston, ma 02116
- Fresco Flowers — 145 Dartmouth St, Boston, MA 02116
- Frisby's Florist & Flower Delivery Service — 407 Stuart St, Boston, MA 02116
- Bella Florist — 125 Charles St S, Boston, MA 02116
- Passion Bouquet Inc — 252 Harrison Ave, Boston, MA 02111
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building includes two kitchens and permits for five residential units above the ground-floor space.
Where is this storefront property located?
The property is located at 53-55 Bromfield Street Boston, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 3,576 SF storefront building on a 1,253 SF lot; Two kitchens support separate restaurant operations or one combined establishment; Permits in hand for 5 residential units above the ground‑floor commercial space
