Mixed-Use Property At 1851 Commonwealth Avenue Sold For $2.1M In Boston By Ella Goren
1851 Commonwealth Avenue
$2,100,000
$423/SF
Building Size
4,957 SF
Asset Type
Mixed-use
Closing
Sep 3, 2024
AI
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.
Brighton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93