facebook
Traded Co logo
Submit
Daily limit: 0/10

Mixed-Use Property At 1851 Commonwealth Avenue Sold For $2.1M In Boston By Ella Goren

Property Image
SOLD
$2,100,000

Massachusetts

See Similar Deals
Mixed-use4,957 SF
Sold 09/03/2024
the dealplayerscompscontact
Property Image
SOLD

Mixed-Use Property At 1851 Commonwealth Avenue Sold For $2.1M In Boston By Ella Goren

1851 Commonwealth Avenue

See Similar Deals
Mixed-use4,957 SF
Sold 09/03/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$423
Total Square Footage:4,957 SF
Transaction Type:Sale

A mixed-use property located at 1851 Commonwealth Avenue in Boston, MA, was sold for $2,100,000. The property has a total area of 4,957 square feet and includes 12 beds and 7 baths. It has received ZBA approval to convert into 6 residential units. Recent improvements have been made, and the property features 10 parking spaces, highlighting its potential for developers and investors in a prime location near Boston University and Cleveland Circle.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,100,000
  • Address: 1851 Commonwealth Avenue
  • Market: Boston, MA
  • Square Footage: 4,957
  • Price Per Square Foot: $424
  • Broker: Ella Goren - Sunrise Realty & Investment
  • Number of Beds: 12
  • Number of Baths: 7
  • ZBA Approval: Yes, for 6 residential units
  • Parking Spaces: 10

Ella Goren from Sunrise Realty & Investment represented the transaction, facilitating the sale and bringing valuable expertise in the market. The property’s recent improvements enhance its appeal and potential returns for prospective buyers, particularly in the competitive housing market near the university and city amenities.

Players

Ella Goren
3 deals$4.8M volume(857) 380-5367
BROKER

Details

SOLD
IMAGE: Ella Goren DATE: 09/03/2024 ADDRESS: 1851 Commonwealth Avenue MARKET: Boston, MA ASSET TYPE: Mixed-use BROKER: Ella Goren (@Ella.Goren) - Sunrise Realty & Investment SALE PRICE: $2,100,000 SF: 4,957 ~ PPSF: $424 NOTE: A mixed-use property at 1851 Commonwealth Ave in Brighton sold for $2.1M, featuring 12 beds, 7 baths, and ZBA approval to convert to 6 residential units. With recent improvements and 10 parking spaces, it offers significant upside potential for developers and investors in a prime location near Boston University and Cleveland Circle.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86