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63-69 Putnam street - The Breakwater 16 Unit Apartment Building Offered at $2,460,000 Winthrop, MA 02152
Investment Highlights
- development project
- board of appeals approved plans
- stabilized four family included
Executive Summary
++The Breakwater++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. Short commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston.
Property Facts
| Price | $2,460,000 | Building Class | C |
| Price Per Unit | $153,750 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 14,626 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| No. Units | 16 | Year Built | 2026 |
| Property Type | Multifamily |
| Price | $2,460,000 |
| Price Per Unit | $153,750 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 16 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 14,626 SF |
| No. Stories | 3 |
| Year Built | 2026 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WINT-000029-000000-000083 | Improvements Assessment | $652,200 |
| Land Assessment | $575,900 | Total Assessment | $1,228,100 |
Property Taxes
Parcel Number
WINT-000029-000000-000083
Land Assessment
$575,900
Improvements Assessment
$652,200
Total Assessment
$1,228,100
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63-69 Putnam street - The Breakwater
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