230 Newbury St Boston, MA 02116-2567
- Investment properties
- 6,668 SF
- 0.06 lot acres
Current Use by Public Records
- One Four Media / Advertising Agency
Property Details for 230 Newbury St
- Year built
- 1899
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 6,668 SF
- Zone code
- RC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- CBOS W:05 P:03219 S:000
- APU
- CBOSW05P03219S000
Description
This exceptional investment opportunity presents a substantial mixed-use portfolio situated on Newbury Street in Boston, Massachusetts. The property consists of two buildings, totaling 13,336 square feet, on a 4,928 square foot lot. Built in 1899, the five-story structures comprise 24 apartment units and 13 retail suites. The property also includes three office spaces. Offering significant income potential, this portfolio allows for future rental growth through lease renewals and market-rate adjustments. The property features off-street parking for six vehicles. This unique offering presents a chance to acquire a well-established, income-producing asset in a highly desirable location. The asking price for this exceptional property is $15,000,000. The seller is open to offers and will consider selling the buildings in pairs or as a complete portfolio. This is a rare opportunity to acquire a significant piece of Boston's iconic Newbury Street. The property is located at 230 Newbury Street, Boston, MA 02116.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $300,000
- 6.5%
- $275,000
- 7%
- $255,000
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Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0814
- Latitude
- 42.3497
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
