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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
DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME.++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. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
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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