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Navy Yard 33 33 Third Ave 47 Unit Apartment Building For Sale Charlestown, MA 02129
INVESTMENT HIGHLIGHTS
- Unmatched Waterfront Location
- Enviable Finishes & Neighborhood Amenities
- Value-Add Opportunity
- Assumable In-Place Financing
EXECUTIVE SUMMARY
Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Navy Yard 33 in Charlestown, Massachusetts. This 47-unit, loft-style apartment building is ideally located along Charlestown’s waterfront. Built at the turn of the 20th century, the building has since been masterfully renovated and modernized while still maintaining many of the building’s original features.
The building is comprised of forty–seven (47) units, offering residents a variety of one- and two-bedroom floor plans from which to choose. The building was constructed in 1900 and renovated in 2008. The unit mix includes 18 (38%) junior one-bedroom apartments, 13 (28%) one-bedroom flats, 1 (2%) one-bedroom duplex apartment, 6 (13%) two-bedroom apartments and 9 (19%) two-bedroom duplex apartments.
While the property has been exceptionally well maintained, there is significant potential for selective upgrades such as improved bathroom and kitchen lighting, smart thermostats, and modern fixtures.
Situated on Third Avenue, Navy Yard 33 consists of a single 3 ½ story granite
block building, ideally set on the Charlestown Navy Yard’s picturesque waterfront.
Located just north of Downtown Boston, the Charlestown Navy Yard has a rich history dating back to the 1800’s and is known as one of the oldest shipbuilding facilities in the United States which played an instrumental role in the building and repair of countless naval vessels until its closing in 1975. Today, Charlestown and the Navy Yard represent one of Boston’s most desirable mixed-use neighborhoods offering residents and employees a myriad of dining, retail and entertainment options.
The building is comprised of forty–seven (47) units, offering residents a variety of one- and two-bedroom floor plans from which to choose. The building was constructed in 1900 and renovated in 2008. The unit mix includes 18 (38%) junior one-bedroom apartments, 13 (28%) one-bedroom flats, 1 (2%) one-bedroom duplex apartment, 6 (13%) two-bedroom apartments and 9 (19%) two-bedroom duplex apartments.
While the property has been exceptionally well maintained, there is significant potential for selective upgrades such as improved bathroom and kitchen lighting, smart thermostats, and modern fixtures.
Situated on Third Avenue, Navy Yard 33 consists of a single 3 ½ story granite
block building, ideally set on the Charlestown Navy Yard’s picturesque waterfront.
Located just north of Downtown Boston, the Charlestown Navy Yard has a rich history dating back to the 1800’s and is known as one of the oldest shipbuilding facilities in the United States which played an instrumental role in the building and repair of countless naval vessels until its closing in 1975. Today, Charlestown and the Navy Yard represent one of Boston’s most desirable mixed-use neighborhoods offering residents and employees a myriad of dining, retail and entertainment options.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.31 AC |
| No. Units | 47 | Building Size | 42,760 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2008 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | CM | ||
| Sale Type | Investment |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 42,760 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2008 |
| Opportunity Zone |
Yes |
| Zoning | CM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Tile Floors
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Recycling
- Smoke Detector
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | CHAR-000000-000002-003512-000200 | Improvements Assessment | $11,613,000 |
| Land Assessment | $4,583,200 | Total Assessment | $16,196,200 |
PROPERTY TAXES
Parcel Number
CHAR-000000-000002-003512-000200
Land Assessment
$4,583,200
Improvements Assessment
$11,613,000
Total Assessment
$16,196,200
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Navy Yard 33 | 33 Third Ave
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