226 Newbury St Boston, MA 02116-2565

Property Details for 226 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:03221 S:000

APU

CBOSW05P03221S000

Description

This exceptional investment opportunity presents a multifamily portfolio situated on the prestigious Newbury Street in Boston, MA. The property consists of two buildings, totaling 13,336 square feet, on a 4,928 square foot lot. Built in 1899, the five-story buildings boast 16 apartment units, currently enjoying 100% occupancy. The property also includes thirteen retail suites and three office spaces, creating a diverse tenant mix. Notable tenants include Dirty Water Dough Co., Aluna Salon, Umai Sushi, John Fluevog Shoes, and Piattini Restaurant, contributing to a strong and stable income stream. Recent capital improvements, including rear extensions added in 2017, and upgrades completed during the COVID-19 pandemic, ensure the property is well-maintained and positioned for future growth. The property benefits from a prime location in Boston's Back Bay, a vibrant commercial and cultural hub with a perfect Walk Score of 100 and a Transit Score of 97, providing easy access to public transportation via nearby Back Bay and Hynes Convention Center stations. Off-street parking for six vehicles is also available. The asking price for this exceptional portfolio is $14,500,000. This is a rare opportunity to acquire a well-established, high-performing property in one of Boston's most desirable locations.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.0812

Latitude

42.3497

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments