617-816-5257
33 Third Ave, Charlestown, MA for Sale
Apartments - FOR SALE
1/12
null | Request Cap Rate

33 Third Ave
Charlestown, MA 02129


HIGHLIGHTS

  • Unmatched Waterfront Location
  • Value-Add Opportunity
  • Enviable Finishes & Neighborhood Amenities
  • Assumable In-Place Financing

OVERVIEW

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Navy Yard 33 in Charlestown, Massachusetts. This 47-unit, loft-style apartment building is ideally located along Charlestown’s waterfront. Built at the turn of the 20th century, the building has since been masterfully renovated and modernized while still maintaining many of the building’s original features. The building is comprised of forty–seven (47) units, offering residents a variety of one- and two-bedroom floor plans from which to choose. The building was constructed in 1900 and renovated in 2008. The unit mix includes 18 (38%) junior one-bedroom apartments, 13 (28%) one-bedroom flats, 1 (2%) one-bedroom duplex apartment, 6 (13%) two-bedroom apartments and 9 (19%) two-bedroom duplex apartments. While the property has been exceptionally well maintained, there is significant potential for selective upgrades such as improved bathroom and kitchen lighting, smart thermostats, and modern fixtures. Situated on Third Avenue, Navy Yard 33 consists of a single 3 ½ story granite block building, ideally set on the Charlestown Navy Yard’s picturesque waterfront. Located just north of Downtown Boston, the Charlestown Navy Yard has a rich history dating back to the 1800’s and is known as one of the oldest shipbuilding facilities in the United States which played an instrumental role in the building and repair of countless naval vessels until its closing in 1975. Today, Charlestown and the Navy Yard represent one of Boston’s most desirable mixed-use neighborhoods offering residents and employees a myriad of dining, retail and entertainment options.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

47

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Navy Yard 33

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CM

APN/PARCEL ID

CHAR-000000-000002-003512-000200

ASK ABOUT THIS PROPERTY

Chris SowerCushman & WakefieldMore Info
617-816-5257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris SowerCushman & WakefieldMore Info
617-816-5257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.