For Sale
$40,000,000

222-232 Newbury StBoston, MA 02116

Prime Boston mixed-use investment. 40 units, 41,072 SF.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a portfolio of six contiguous buildings located on the prestigious Newbury Street in Boston, Massachusetts. The property comprises a total of 41,072 square feet, encompassing 40 units: 24 apartment units and 13 retail suites, along with three office spaces. The buildings, constructed in 1899, are five stories high and sit on a 14,896 square foot lot. The net rentable area totals 35,286 square feet. The asking price for the entire portfolio is $40,000,000, translating to a price per square foot of $973.90. Limited off-street parking for six vehicles is available. The property is classified as a core investment, offering significant potential for future rental growth through lease renewals and market-rate adjustments. While the seller will consider offers on the entire portfolio, they are also open to selling pairs of buildings, due to shared fire alarm systems. This unique offering presents a rare chance to acquire a substantial and established presence on one of Boston's most iconic shopping streets. The property's mixed-use nature and prime location provide a compelling investment proposition with strong potential for long-term appreciation.

Highlights

  • Six contiguous buildings on prestigious Newbury Street, Boston.
  • 41,072 square foot portfolio with 40 units (24 apartments, 13 retail, 3 office).
  • $40,000,000 asking price ($973.90/SF).
  • 14,896 square foot lot; 35,286 square feet net rentable area.
  • Limited off-street parking (6 spaces).
  • Seller open to offers on the entire portfolio or pairs of buildings.

Property Details for 222-232 Newbury St

Property type
Retail properties, Mixed-use properties
Square Feet
41,072 SF
Year Built
1899
Buildings
6
Stories
5
Units
40

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.3497463
Longitude
-71.0810917
222-232 Newbury St, Boston, Massachusetts

FAQs

What type of property is this?
Retail property - Prime Boston mixed-use investment. 40 units, 41,072 SF.
Where is the retail property located?
The property is located at 222-232 Newbury St Boston, MA.
What is the asking price?
The asking price for this property is $40,000,000.
What are key features of this property?
This property features: Six contiguous buildings on prestigious Newbury Street, Boston.; 41,072 square foot portfolio with 40 units (24 apartments, 13 retail, 3 office).; $40,000,000 asking price ($973.90/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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222-232 Newbury St
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