Class A Boutique Apartment
97 Condor Boston, MA 02128
97 Condor, Boston, MA, 02128
$3,599,999
For Sale
$3,599,999
Turnkey 7-unit building built in 2022 with modern finishes and in-unit washer/dryer amenities.
Property Size5,390 SF
Price / SF$667.90
Days on Market63
Property Features for 97 Condor
General Information
- Standard status
- Active
- Size
- 5,390 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2022
Listing Agency
Access
Listed by
Dot Collection
(508) 867-2800
Source
Miketoomeyrealestate
Added: May 20 Updated: Jul 20 at 5:46 pm Checked: Jul 20 at 5:46 pm
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Investment Insights
Based on property information with market context.
97 Condor Street is a turnkey, Class A boutique multifamily building consisting of 7 units, built in 2022. The property presents a modern exterior with oversized windows and a clean common entry. Inside, units include modern finishes and stainless steel appliances, and each unit features an in-unit washer/dryer.
The building is offered for sale in East Boston. It is positioned as a modern income property with updated features and interiors suitable for tenants seeking in-unit laundry and contemporary finishes.
This is a compact multifamily asset configured as a 7-unit building, with overall improvements completed as part of the 2022 construction.
The building is offered for sale in East Boston. It is positioned as a modern income property with updated features and interiors suitable for tenants seeking in-unit laundry and contemporary finishes.
This is a compact multifamily asset configured as a 7-unit building, with overall improvements completed as part of the 2022 construction.
Key Highlights
- 7‑unit boutique multi‑unit building built in 2022
- Modern interiors with stainless steel appliances and modern finishes throughout
- In‑unit washer/dryer amenities
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.3k | $44.40 |
| − Vacancy | −$9.1k | −$1.69 |
| EGI | $230.2k | $42.71 |
| − OpEx | −$103.6k | −$19.22 |
| NOI | $126.6k | $23.49 |
5,390 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,622 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,522 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey 7-unit building built in 2022 with modern finishes and in-unit washer/dryer amenities.
Where is this apartment building located?
The property is located at 97 Condor Boston, MA.
What is the asking price?
The asking price for this property is $3,599,999.
What are key features of this property?
This property features: 7‑unit boutique multi‑unit building built in 2022; Modern interiors with stainless steel appliances and modern finishes throughout; In‑unit washer/dryer amenities
