28 Atlantic Ave - Lewis Wharf 5,202 - 10,514 SF Office/Retail Condo Units Offered at $1,395,000 - $2,790,000 Per Unit in Boston, MA 02110

INVESTMENT HIGHLIGHTS

  • Brick and Beam
  • (2) Levels
  • Rental and Guest Parking
  • Floor Through Loft
  • Handicap Bathrooms

EXECUTIVE SUMMARY

Lewis Wharf delivers 24-hour Concierge service, two elevators, a harbor-side outdoor swimming pool, guest parking and beautiful gardens. The property is situated on Boston’s Harbor, next to Commercial Wharf and Sargent’s Wharf. It is steps to Faneuil Hall, the historic North End, The Financial District, Downtown Boston and all major transportation points.

PROPERTY FACTS

Price $1,395,000 - $2,790,000
Unit Size 5,202 - 10,514 SF
No. Units 3
Total Building Size 153,392 SF
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Building Class B
Floors 6
Typical Floor Size 16,666 SF
Year Built 1830
Lot Size 0.88 AC
Parking Ratio 1.06/1,000 SF
Zoning NEW, Boston - Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Carpet
  • Freezer
  • Quartz Countertops

SITE AMENITIES

  • 24 Hour Access
  • Concierge
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Waterfront
  • Doorman
  • Elevator
  • Smoke Detector

3 UNITS AVAILABLE

Unit 135-136

Unit Size 5,312 SF
Price $1,395,000
Price Per SF $262.61
Condo Use Office/Retail
Sale Type Investment or Owner User
No. Parking Spaces 2
DESCRIPTION

Commercial office/retail condominium located at prestigious Lewis Wharf. Bricks and Beams, exposed stone and loft-like feel with dramatic Harbor and City views. This floor through condominium has direct entry with both north and south exposures: 3,032 SF on the first floor and 2,280SF on the lower level. The first level features an open floor plan with (2) Corner offices, (4) Open Office Areas, (1) Conference Room, (2) Bathrooms, Full Kitchen and Reception. The lower level offers an additional open floor plan with offices, built-ins, conference room, and storage. Rental Parking with 24/7 access are available at prevailing rates. Lewis Wharf delivers 24-hour Concierge service, two elevators, a harbor-side outdoor swimming pool, guest parking and beautiful gardens. The property is situated on Boston’s Harbor, next to Commercial Wharf and Sargent’s Wharf. It is steps to Faneuil Hall, the historic North End, The Financial District, Downtown Boston and all major transportation points.

SALE NOTES

Seller financing available: 75% LTV, 5 Years, 5%.
Current tenant leases continuous bays (135-139) at a rate of $23,000/month. Lease is 30 day TAW. Open to signing long term for both bays. Will not consider a single bay of 5312SF.
Condo Fee: $56,160/year
FY25 Tax: 40,704/year

Unit 135-138

Unit Size 10,514 SF
Price $2,790,000
Price Per SF $265.36
Condo Use Office/Retail
Sale Type Investment or Owner User
Cap Rate 3.40%
NOI $94,907
DESCRIPTION

Over 10,500 SF of continuous commercial condominiums located at prestigious Lewis Wharf. Bricks and Beams, exposed stone and loft-like feel with dramatic Harbor and City views. These combined floor through condominiums have direct entry with both north and south exposures: 6,104 SF - first floor and 4,410SF - lower level. Ground entry features an open floor plan with (3) Corner Office, (4) Glass Wall Offices, (4) Open Office Areas, (2) Conference Room, (4) Bathrooms, Full Kitchen and Reception. Lower level offers additional Full Kitchen, Break Rooms, Discussion Rooms, and Storages. One tenant occupies at TAW with a gross monthly rent of $23K/month and prefers to sign long term. Rental Parking with 24/7 access available at prevailing rates. Lewis Wharf delivers 24-hour Concierge service, elevators, Harbor-side pool, guest parking, and beautiful gardens. On Boston’s Harbor, next to Faneuil Hall, North End, Financial District, Downtown Boston, Seaport and all major transportation points.

SALE NOTES

Seller financing available: 75% LTV, 5 Years, 5%.
Current tenant leases continuous bays (135-138) at a rate of $23,000/month. Lease is 30 day TAW. Open to signing long term for both bays. Will not consider a single bay of 5200SF.
Condo Fee: $112,404/year
FY25 Tax: $68,689/year

Unit 137-138

Unit Size 5,202 SF
Price $1,395,000
Price Per SF $268.17
Condo Use Office/Retail
Sale Type Investment
DESCRIPTION

Commercial office/retail condominium located at prestigious Lewis Wharf. Bricks and Beams, exposed stone and loft-like feel with dramatic Harbor and City views. This floor through condominium has direct entry with both north and south exposures: 3,072 SF on the first floor and 2,130SF on the lower level. The first level features an open floor plan with (1) Corner Office, (4) Glass Wall Office, (1) Conference Room, (2) Bathrooms and (1) Shower. The lower level offers an additional open floor plan with a Full Kitchen, Break Room, Discussion Room, and storage. Rental Parking with 24/7 access are available at prevailing rates. Lewis Wharf delivers 24-hour Concierge service, two elevators, a harbor-side outdoor swimming pool, guest parking and beautiful gardens. The property is situated on Boston’s Harbor, next to Commercial Wharf and Sargent’s Wharf. It is steps to Faneuil Hall, the historic North End, The Financial District, Downtown Boston, Seaport, and all major transportation points.

SALE NOTES

Seller financing available: 75% LTV, 5 Years, 5%.
Current tenant leases continuous bays (137-139) at a rate of $23,000/month. Lease is 30 day TAW. Open to signing long term for both bays. Will not consider a single bay of 5202SF.
Condo Fee: $56,244/year
FY25 Tax: 27,985/year

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
  • Listing ID: 33058697

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 28 Atlantic Ave, Boston, MA 02110