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Expired

587 Albany Street, Boston MA 02118

$2,995,000

Estimated $6,036/month Calculator

Multi Family

Total Units: 0

Price Per Unit: $2,995,000

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

10800

Total Parking: 0

1,831 (0.04)

Development Opportunity. Existing 3 story brick warehouse together with ZBA APPROVAL TO CONVERT TO A 6 STORY RESIDENTIAL BUILDING! The approved plans call for 6 residential units, the majority of which are direct elevator access 2+ bedroom/2 bath flats with 1420 sq/ft each. The property is located in the South End's hottest new neighborhood with literally millions of square feet of residential, office, laboratory and cultural spaces under construction. Build the approved project or take advantage of the properties highly desirable EDA-South zoning where buildings to 70' are allowed and potential uses include hotel, office, lab, and school. A truly rare opportunity, priced to sell. Clean Phase I environmental report. Delivered vacant.

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 6:21am (Source: MLS PIN #73030346)

Gross Income: $0

Gross Expenses: $14,161

Net Income Calc: $14,161

Water Views

Annual Expenses for 587 Albany Street, Boston MA 02118

Total Gross Expenses (Calculated)$14,161/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14161

Annual Income & Unit Breakdown for 587 Albany Street, Boston MA 02118

Total Gross Income (Calculated)$0

General Information for 587 Albany Street, Boston MA 02118

Listing ID73030346

Property TypeMulti Family / 5+ Family

Price2995000 ($277.31/SqFt)

Style5-9 Family

CityBoston

CountySuffolk

MLS AreaSouth End

Neighborhood(s)

Approximate Living Area Total10800

Approximate Lot Size (Acres)0.04

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningEDA-South

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 587 Albany Street, Boston MA 02118

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Compensation Based OnNet Sale Price

Financial Information for 587 Albany Street, Boston MA 02118

Real Estate Taxes14161

Tax Year2022

Assessed Value$566,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 587 Albany Street, Boston MA 02118

Neighborhood(s)

MLS AreaSouth End

Area AmenitiesWalk/jog Trails

Contact Information for 587 Albany Street, Boston MA 02118

Agent

Name: The Residential Group

Office

Name: William Raveis R.E. & Home Services

Phone: 617-426-8333

Payment Calculator

, Interest

Property Taxes 1180.08

Principal & Interest 18454.24

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group

Agent Phone

Office Phone

(617) 426-8333

Text Agent Call Agent Call Office

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EXIT

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