41-45 Broad St - Apartments FOR SALE


Boston, MA 02109- Financial District
$8,000,000 USD
401-663-8049
41-45 Broad St, Boston, MA for Sale
$8,000,000 USD
Apartments - FOR SALE
1/14
null | 5.61% Cap Rate

41-45 Broad St
Boston, MA 02109
Financial District


HIGHLIGHTS

  • Attractive loft-style residential construction
  • Private roof-decks
  • All units have central Air, laundry in-unit, and renovated kitchens/baths

OVERVIEW

Rare opportunity to acquire a fully utilized, turn-key mixed-use investment property in the heart of Downtown Boston. Notably restored and combined in 2016, 45 Broad Street and 119 Water Street comprise a boutique 11-unit asset featuring nine highly desirable one-bedroom apartments and two prime street-level restaurant spaces. Originally home to large-scale printing operations, the buildings retain distinctive architectural character with high ceilings, oversized windows, exposed structural elements and substantial timber joists throughout. Current ownership completed a comprehensive redevelopment of the properties, creating a stabilized, generational-quality asset with no immediate capital improvements anticipated. All residential units feature central air conditioning, in-unit laundry and high-end finishes, while the two commercial spaces provide additional income and diversification to the rent roll. Ideally positioned just blocks from Boston Harbor, the Rose Kennedy Greenway and Financial District, the property benefits from an exceptional Downtown location, strong residential demand, limited competing inventory and significant barriers to entry for comparable new development. An exceptional opportunity for an investor seeking a stabilized, low-maintenance Boston asset combining durable income, irreplaceable historic character and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$609 USD /SF

# OF UNITS

9

PRICE/UNIT

$888,889

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1876

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RC

APN/PARCEL ID

CBOS-000000-000003-003825,CBOS-000000-000003-003832

ASK ABOUT THIS PROPERTY

Eliott LevineOlde Forge RealtyMore Info
401-663-8049

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Eliott LevineOlde Forge RealtyMore Info
401-663-8049

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