Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 805 Washington Street, a boutique 4-unit, 100% market rate apartment building located in Brookline, Massachusetts. The property is situated between Beacon Street, Brookline and Commonwealth Avenue, Boston, two of the most highly regarded throughfares in Eastern Massachusetts. Brookline, an affluent highly sought-after town bordering Boston to the West, boasts one of the best school systems in the country. The property is located just steps from the multiple MBTA Green Line Stations, and the location offers residents immediate access to the area’s major employers, academic institutions, shops, dining, and entertainment destinations.
The 1900’s-built, row house building features four units as well as four deeded parking spaces, located in the rear of the property along Bartlett Crescent. The units consist of three (3) oversized, 3 bed / 1 bath floors plans and one 1 bed / 1 bath garden style unit, with a private entrance in the rear of the property. All the apartment units offer large floor plans with oversized bedrooms, high ceilings, hardwood floors, large closets, and abundant natural light. There is a distinct opportunity to upgrade the unit interiors, including kitchens, bathrooms, flooring, lighting, and appliances, as well as the potential to add additional bathrooms
With these upgrades, the buyer would elevate the competitive profile of the asset in the market and these renovated luxury units would command significantly higher rents. Alternatively, the asset also presents a phenomenal opportunity for a potential condominium conversion in one of the highest barrier to entry residential ownership markets in the region.
Process & Pricing
805 Washington Street is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.
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