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Rare opportunity for shovel ready 24 unit Multi family development in downtown Boston's premier South End Neighborhood. The plans call for the restoration of this prominent 5 Story brick Mansard perfectly situated at the corner of East Brookline & Albany St, as well as a 6th story & roofdeck addition. The approved project consists of (5) 3 bedroom 2 bathroom, (5) 2 bedroom plus dens, & (14) 1 bedroom homes with the Garden level home to bike room & storage. Approved for the downtown boston office to residential conversion program, the property will benefit from a 75% tax abatement for 29 years, substantially boosting NOI, & should benefit from new office to residential conversion tax credit. Here is your opportunity to build to an unheard of cap rate in a premier Boston Proper neighborhood. Rare opportunity to own a generational asset in premier Boston location, while benefiting from Substantial day 1 equity upon completion. Interior Demolition already Complete.
General Information for 111 East Brookline South End, MA 02118 |
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Town | Boston - South End |
Village | South End |
County | Suffolk |
Stories | 6 |
SQFT | 22,050 |
Status | Available |
Listing Number | 73422100 (MLSPIN) |
Rooms Information for 111 East Brookline South End, MA 02118 |
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Interior Information for 111 East Brookline South End, MA 02118 |
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Basement | Full |
Exterior Information for 111 East Brookline South End, MA 02118 |
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Lot Size | 0.08 acres |
Lot Description | Corner Lot |
Lot | Corner Lot |
Water | Public |
Sewer | Public Sewer |
Neighborhood Information for 111 East Brookline South End, MA 02118 |
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Miscellaneous Information for 111 East Brookline South End, MA 02118 |
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Year Built | 1899 |
Association Fee | 0 |
Taxes | $27,104 /Yr |
Comp | Buyer Agency Compensation:2 Buyer Agency Compensation Type:% Sub Agency Compensation: Sub Agency Compensation Type: Transaction Broker Compensation: Compensation Based On: Sub-Agency Relationship Offered: |
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Condo | Data |
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Units | 6,147 |
Avg Price | $915,620 |
Avg Days Listed | 106 |
Total New Listings | 24 |
House | Data |
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Units | 11,296 |
Avg Price | $1,257,361 |
Avg Days Listed | 90 |
Total New Listings | 2 |
Multi-Family | Data |
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Units | 2,010 |
Avg Price | $1,269,818 |
Avg Days Listed | 110 |
Total New Listings | 1 |
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Address | Closing Date | List Price | Closing Price | % of List Price |
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Listing: 1 of 1 | Updated 31 minutes ago |