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    1618 Beacon

    Brookline, MA 02445
    • $3,600,000
    • STATUS: Active
    • MLS #: 72726415
    Price Reduced
    UPDATED: 49 min ago
    $3,600,000
    • 5
      BEDS
    • 0.1
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 5,080
      SQFT
    • $709
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1898
    County:
    Area:

    School Information

    High School:
    Listing courtesy of Stella Shlayen of Trio Realty Group.

    Description

    This is a rare opportunity! Approved Variance and Plans to develop a Boutique building in the heart of Washington Square, Brookline. Approved for 5 Units + a Commercial Storefront. Total approved FAR of 8,628 sq. ft. . The Units range from a Studio to a 4 Bedroom. Plans approved for direct access elevator to each Unit, 2 car garage and 5 outdoor parking spots, penthouse with huge deck overlooking Beacon Street, other Units with back decks. Currently the building is fully rented through 5/21. Begin developing this Gem on 6/1/21. With the current new construction condo market in Brookline selling at $1200/sq. ft., the potential is for a $7 Mill+ gross sell-off not including the commercial space. This building is perfect for a developer, an investor who wants to add a premier property to their portfolio, or an end user who can also generate income.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-29T20:07:18.96.
    www.parrottrealtygroup.com/homes/110028917
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    1618 Beacon Brookline, MA 02445

    • Price: $3,600,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 72726415
    5
    Beds
    4
    Baths
    1
    ½ Baths
    0.1
    Acres
    5,080
    SQFT
    $709
    $/SQFT
    1898
    Built
    Neighborhood:
    Other
    County:
    Norfolk
    Area:
    Other
    High School:
    Brookline
    Property Description
    This is a rare opportunity! Approved Variance and Plans to develop a Boutique building in the heart of Washington Square, Brookline. Approved for 5 Units + a Commercial Storefront. Total approved FAR of 8,628 sq. ft. . The Units range from a Studio to a 4 Bedroom. Plans approved for direct access elevator to each Unit, 2 car garage and 5 outdoor parking spots, penthouse with huge deck overlooking Beacon Street, other Units with back decks. Currently the building is fully rented through 5/21. Begin developing this Gem on 6/1/21. With the current new construction condo market in Brookline selling at $1200/sq. ft., the potential is for a $7 Mill+ gross sell-off not including the commercial space. This building is perfect for a developer, an investor who wants to add a premier property to their portfolio, or an end user who can also generate income.
    Exterior Features

    Beachfront No Construction Brick Foundation Poured Concrete Lot Description Level Parking Spaces 7 Roof Material Rubber Waterfront Flag No

    Interior Features

    Basement Yes Bedrooms Unit1 1 Bedrooms Unit2 2 Fireplaces 3 Fireplaces Unit1 0 Fireplaces Unit2 1 Floors Unit1 1 Floors Unit2 3 Full Baths Unit1 1 Full Baths Unit2 1 Half Baths Unit1 0 Half Baths Unit2 1 Levels 3 Levels Unit1 1 Levels Unit2 1 Rooms 6 Rooms Unit1 2 Rooms Unit2 4

    Property Features

    Amenities Public TransportationShoppingTennis CourtParkWalk/Jog TrailsMedical FacilityLaundromatBike PathHighway AccessHouse Of WorshipPrivate SchoolPublic SchoolT-StationUniversity Apod Available No Assessments 1856900.00 Disclosure No Gross Operating Income 43200 Lead Paint Unknown Lease Unit1 N Lease Unit2 Y Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 43200 Rent Unit1 1400 Rent Unit2 2200 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Current Far Sq Ft Source Measured Tax Year 2020 Taxes 20683.00 Water City/Town Water Year Built Description Unknown/Mixed Year Built Source Public Record Year Round Yes Zoning G-1.75

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Stella Shlayen of Trio Realty Group.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-10-29T20:07:18.96.
     
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    Parrott Realty Group | Keller Williams Gateway Realty
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    Listing courtesy of Stella Shlayen of Trio Realty Group.