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10-24 University Rd. Brookline, MA 3 Multifamily Properties Offered at $18,000,000 in Brookline, MA
EXECUTIVE SUMMARY
Rare opportunity to acquire a generational asset in the heart of Washington Sq., Brookline. Just a stone’s throw away from Beacon St. – 10-24 University Rd is positioned alongside one of the most transit-oriented throughfares in/around Greater Boston, providing immediate MBTA access to major universities, like BU, Northeastern and Wentworth, the Longwood Medical Area and the many tech and engineering hubs in Kendall/Kenmore Sq. Addressed as 10-12, 16-18 and 22-24 University Rd., the offering consists of three (3) 7-unit buildings and eleven (11) surface level parking spaces on contiguous parcels of land spanning 23,479 sq./ft. in cumulative lot size. Gross building area within the shells of all three buildings amounts to 57,928 sq./ft. but twenty-one (21) residential units comprise 35,512 sq./ft. of living space, with eighteen (18) 4-5 bedroom dwellings across the first, second and third levels, and three (3) 1-2 bedroom dwellings on the garden levels. While substantial value-add potential can be achieved by preserving the current building designs, additional opportunities may also exist by tapping into unutilized space on the fourth floors/garden levels, rearranging floorplans and increasing the total unit count. ***Do not walk the properties under any circumstances*** Please contact Joe Danisch for additional info (617) 477-8223 joe@coelhorealty.com
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$911,400
|
| Net Operating Income |
-
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $911,400 |
| Net Operating Income | |
|---|---|
| Annual | - |
PROPERTY FACTS
| Price | $18,000,000 | Number of Properties | 3 |
| Price / SF | $310.73 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 57,928 SF | |
| Sale Type | Investment | Total Land Area | 0.54 AC |
| Status | Active |
| Price | $18,000,000 |
| Price / SF | $310.73 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 57,928 SF |
| Total Land Area | 0.54 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 10-12 University Rd, Brookline, MA 02445 | Multifamily | 20,525 SF | 1910 | - |
| 16-18 University, Brookline, MA 02445 | Multifamily | 18,705 SF | 1910 | - |
| 22-24 University, Brookline, MA 02445 | Multifamily | 18,698 SF | 1910 | - |
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10-24 University Rd. Brookline, MA
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