Property Description

Rare opportunity for shovel ready 24 unit Multi family development in downtown Boston's premier South End Neighborhood. The plans call for the restoration of this prominent 5 Story brick Mansard perfectly situated at the corner of East Brookline & Albany St, as well as a 6th story & roofdeck addition. The approved project consists of (5) 3 bedroom 2 bathroom, (5) 2 bedroom plus dens, & (14) 1 bedroom homes with the Garden level home to bike room & storage. Approved for the downtown boston office to residential conversion program, the property will benefit from a 75% tax abatement for 29 years, substantially boosting NOI, & should benefit from new office to residential conversion tax credit. Here is your opportunity to build to an unheard of cap rate in a premier Boston Proper neighborhood. Rare opportunity to own a generational asset in premier Boston location, while benefiting from Substantial day 1 equity upon completion. Interior Demolition already Complete.