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$7,500,000
Est. payment /mo
39 Beds
29 Baths
22,050 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,050 sqft
Price per Sqft $340
MLS Listing ID 73422100
Bedrooms 39
Full Baths 29
Year Built 1899
Annual Tax Amount $27,104
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type 5-9 Family
Property Description
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.
Location
State MA
County Suffolk
Area South End
Zoning A
Direction Albany St to E Brookline
Rooms
Basement Full
Exterior
Waterfront Description Harbor,1/2 to 1 Mile To Beach
Garage No
Building
Lot Description Corner Lot
Story 6
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Riverfront REALTORS®
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