Tremendous opportunity for investors or OWNER/USER to acquire property in one of Boston’s most sought-after locations. 161 Newbury Street is a 6,912 ± SF mixed-use brownstone building containing three (3) floor-through retail suites and two (2) floor-through apartment units. The building has been well-maintained and owned by the same family for over 40 years. There is off-street (tandem) parking for 6 vehicles.
This home has been viewed 52 times
Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #72974692)
Gross Income: $122,400
Gross Expenses: $98,464
Net Income Calc: $23,936
CAP Rate: 0.23%
Annual Expenses for 161 Newbury St, Boston MA 02116
Total Gross Expenses (Calculated)$98,464/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$98,464
Annual Income & Unit Breakdown for 161 Newbury St, Boston MA 02116
Total Gross Income (Calculated)$122,400
Unit 1
Rental Income$5,100
LeaseY
Bedrooms3
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$5,100
LeaseY
Bedrooms2
Bathrooms1 Full
Floor5
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 161 Newbury St, Boston MA 02116
Listing ID72974692
Property TypeMulti Family / 5+ Family
Price$10,500,000 ($1519.1/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaBack Bay
Neighborhood(s)
Approximate Living Area Total6,912 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking6
Garage Parking
Year Built1899
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
Zoning0031
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 161 Newbury St, Boston MA 02116
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$501,525
Total Net Income By Broker$370,673
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 161 Newbury St, Boston MA 02116
Real Estate Taxes$98,464
Tax Year2022
Assessed Value$4,619,700
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$501,525
BostonRealEstate.com Gross Income
Total Net Income By Broker$370,673
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.23%
Location Information for 161 Newbury St, Boston MA 02116
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaBack Bay
Area Amenities
Contact Information for 161 Newbury St, Boston MA 02116