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823 E 6th St
South Boston, MA 02127
Retail Property For Sale
Investment Highlights
- 4,781 SF across two floors (2,400 SF first floor / 2,381 SF basement) plus one dedicated parking space
- Rare opportunity to acquire a restaurant-anchored condominium asset in a supply-constrained South Boston
- Located in one of Boston's most dynamic neighborhoods
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Cap Rate | 8.07% |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Parking Spaces | 1 |
Description
Condominium Unit #4 within the Farragut House Condominium, a 4,781-square-foot mixed-use restaurant condominium located at 149 P Street in South Boston. The unit spans two levels, approximately 2,400 SF on the first floor and approximately 2,381 SF in the basement, and includes one deeded parking space (#4) with an option to purchase an exclusive easement for the space for $35,000. The unit benefits from access to common facilities necessary for restaurant operations. The Premises is subject to the Farragut Condominium Master Deed and Declaration of Trust, with the unit's pro-rata share of insurance costs currently set at 66.67% of the Trust's common insurance expense.
Sale Notes
Newmark is pleased to present the opportunity to acquire the fee simple interest in this 4,781 SF restaurant condominium unit in South Boston occupied and operated by a local restaurant operator on a triple-net basis that includes its responsibility for real estate taxes, its proportionate share of condominium insurance, utilities, and interior maintenance, providing a buyer with a low-management, passive income stream.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4 | 4,781 SF | Retail | Upon Request | $112,952 |
Unit 4
| Unit Size |
| 4,781 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| $112,952 |
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Unit 4
| Unit Size | 4,781 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | $112,952 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Parking Spaces | 1 |
| Description | |
| Condominium Unit #4 within the Farragut House Condominium, a 4,781-square-foot mixed-use restaurant condominium located at 149 P Street in South Boston. The unit spans two levels, approximately 2,400 SF on the first floor and approximately 2,381 SF in the basement, and includes one deeded parking space (#4) with an option to purchase an exclusive easement for the space for $35,000. The unit benefits from access to common facilities necessary for restaurant operations. The Premises is subject to the Farragut Condominium Master Deed and Declaration of Trust, with the unit's pro-rata share of insurance costs currently set at 66.67% of the Trust's common insurance expense.</li></ul> | |
| Sale Notes | |
| Newmark is pleased to present the opportunity to acquire the fee simple interest in this 4,781 SF restaurant condominium unit in South Boston occupied and operated by a local restaurant operator on a triple-net basis that includes its responsibility for real estate taxes, its proportionate share of condominium insurance, utilities, and interior maintenance, providing a buyer with a low-management, passive income stream.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,000 SF | Typical Floor Size | 3,667 SF |
| Property Type | Multifamily (Condo) | Year Built | 1910 |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | C | Parking Ratio | 0.36/1,000 SF |
| Floors | 3 | ||
| Zoning | CM | ||
| Total Building Size | 11,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 3,667 SF |
| Year Built | 1910 |
| Lot Size | 0.10 AC |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | CM |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
