79 King St - Apartments FOR SALE


Northampton, MA 01060
$4,500,000 USD
413-530-3215
79 King St, Northampton, MA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

79 King St
Northampton, MA 01060


HIGHLIGHTS

  • Close proximity to downtown
  • Walkable location
  • "Ready to Go" Opportunity

OVERVIEW

Region Commercial is pleased to offer on an exclusive basis, 79 King Street, Northampton, MA available for sale. The property is owned by 79 King Street LLC, a venture of Spiritos Properties and Live Give Play, who have conceived a development (described herein), and obtained zoning and related site approvals to create a unique “ready to go” purchase opportunity. Located in the urban core, 79 King Street (79 King) is designed to be a dynamically and environmentally progressive, mixed-use residential development project in this vibrant college community. The site is 1.06 acres, currently with an existing 2,500 SF office building, the City of Northampton has approved 120 unrestricted use apartments within the 6 story, 133,263 sf, 70’ tall approved zoning envelope. There is no minimum parking requirement, but plans currently accommodate 65 parking spaces. All civil engineering, landscaping, civil agency, and utility approvals are in place for the approved zoning. While not a stipulation of the City’s approval, the proposed design focuses on healthy and natural living through low-carbon materials and operation, achieved through 79 King Street’s vision of utilizing a mass timber structure. The project was proposed to achieve Passive House certification, featuring the latest recycled and bio-based materials, and ultra energy-efficient systems. FIRST MULTIFAMILY PROJECT OF ITS SCALE IN THE CITY 120 STUDIOS, 1, 2, 3 BEDROOM APARTMENTS LOCATED NEAR THE CENTER OF NORTHAMPTON ADJACENT TO THE GREENWAY BIKE PATH WALK SCORE – 97 | BIKE SCORE - 98 Submittal Deadline: August 1, 2025

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

120

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,725 SF

ZONING

-

APN/PARCEL ID

NHAM-000031B-000216-000001

ASK ABOUT THIS PROPERTY

Ben BolotinRegion CommercialMore Info
413-530-3215

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Ben BolotinRegion CommercialMore Info
413-530-3215

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