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$552.29
Days on Market61
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: Oct 6
Last Checked: Oct 16 at 6:45AM
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
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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 / Yr
$87,299
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
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
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 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 4.42%
Second Best
Specialty Retail
$983.5K
$860.5K – $1.15M
NOI $68,842 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,440 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boston, MA
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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 $1,975,000.
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
