Current Investment Opportunities
This great Newbury Street property is a terrific investment opportunity for an individual or group ready to own a Back Bay gem. The building is currently mixed use with anchor commercial spaces on contract for several years. Upper floors, are currently being used as residential space but are in need of upgraded kitchens and baths.
- Current cap rate is 4.66%.
- With small improvements the building generates a cap rate of almost 7%.
- Over a 2% bump in cap rate with a $300,000 investment.
Total investment $4.8-5.5 million.
Large development opportunity currently available on the flat of Beacon Hill for willing investors. This large brownstone building currently being used as apartments but ready for a condo conversion into one of Boston’s premier buildings. The incredible location and tremendous views make this a presale sell out even in the worst markets. For more information on this opportunity please send an email to Investments@backbayrealtygroup.com
Total investment: $11million.