617-816-5257
431 Melnea Cass Blvd, Boston, MA for Sale
Apartments - FOR SALE
1/55
null | Request Cap Rate

431 Melnea Cass Blvd
Boston, MA 02119
South End Boston


HIGHLIGHTS

  • High End Amenities
  • Desirable Commuter Location
  • Rare Below-Replacement Acquisition
  • Excellent Area Employment Opportunities
  • University & Medical Anchored Rental Market

OVERVIEW

Cushman & Wakefield’s New England Multi-Family Advisory Group is pleased to present the opportunity to acquire The Melnea, a newly constructed 50-unit apartment community with ±4,000 square feet of commercial space located between Boston’s Medical Center and the Longwood Medical Area. The Melnea offers unmatched community amenities and apartment finishes including skyline views, a roof deck, and on-site parking. Apartments boast modern features and finishes including quartz countertops, stainless steel appliances, tile backsplashes, and in-unit washers and dryers. The Melnea’s strategic location between Boston’s South End and Lower Roxbury neighborhoods provides excellent access to Northeastern University, Boston Medical Center, Longwood Medical Center, the MBTA Orange, Commuter and Silver Lines, and a variety of restaurants, shopping and fitness amenities. The property presents investors with the rare opportunity to acquire a newly constructed, Class A building in a high barrier to entry residential market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Melnea

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,907 SF

ZONING

RC

APN/PARCEL ID

ROXB-000000-000009-001710

ASK ABOUT THIS PROPERTY

Chris SowerCushman & WakefieldMore Info
617-816-5257

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Chris SowerCushman & WakefieldMore Info
617-816-5257

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