Log In/Sign Up
Your email has been sent.
The Melnea 431 Melnea Cass Blvd 50 Unit Apartment Building For Sale Boston, MA 02119
Investment Highlights
- High End Amenities
- Rare Below-Replacement Acquisition
- University & Medical Anchored Rental Market
- Desirable Commuter Location
- Excellent Area Employment Opportunities
Executive Summary
Cushman & Wakefield’s New England Multi-Family Advisory Group is pleased to present the opportunity to acquire The Melnea, a newly constructed 50-unit apartment community with ±4,000 square feet of commercial space located between Boston’s Medical Center and the Longwood Medical Area. The Melnea offers unmatched community amenities and apartment finishes including skyline views, a roof deck, and on-site parking. Apartments boast modern features and finishes including quartz countertops, stainless steel appliances, tile backsplashes, and in-unit washers and dryers.
The Melnea’s strategic location between Boston’s South End and Lower Roxbury neighborhoods provides excellent access to Northeastern University, Boston Medical Center, Longwood Medical Center, the MBTA Orange, Commuter and Silver Lines, and a variety of restaurants, shopping and fitness amenities. The property presents investors with the rare opportunity to acquire a newly constructed, Class A building in a high barrier to entry residential market.
The Melnea’s strategic location between Boston’s South End and Lower Roxbury neighborhoods provides excellent access to Northeastern University, Boston Medical Center, Longwood Medical Center, the MBTA Orange, Commuter and Silver Lines, and a variety of restaurants, shopping and fitness amenities. The property presents investors with the rare opportunity to acquire a newly constructed, Class A building in a high barrier to entry residential market.
Property Facts
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 50 | Building Size | 126,400 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | RC | ||
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 126,400 SF |
| Average Occupancy | 94% |
| No. Stories | 6 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | RC |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Smoke Free
Site Amenities
- Controlled Access
- Courtyard
- Fitness Center
- Package Service
- Smoke Free
- Roof Terrace
- Bicycle Storage
- Maintenance on site
- Multi Use Room
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 500 |
| 1+1 | 25 | - | 620 - 706 |
| 2+2 | 20 | - | 867 - 992 |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | ROXB-000000-000009-001710 | Improvements Assessment | $10,761,500 |
| Land Assessment | $4,604,000 | Total Assessment | $15,365,500 |
Property Taxes
Parcel Number
ROXB-000000-000009-001710
Land Assessment
$4,604,000
Improvements Assessment
$10,761,500
Total Assessment
$15,365,500
1 of 56
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Melnea | 431 Melnea Cass Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.