Massachusetts Real Estate

1618 Beacon, Brookline, MA 02445 (MLS # 72726415)

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PRICE $3,750,000
BEDS 5
BATHS 4 full, 1 half
HOME SIZE 5,080 sq ft
LOT SIZE 4,229 sqft

This is a rare opportunity! Approved Variance and Plans to develop a Boutique building in the heart of Washington Square, Brookline. Approved for 5 Units + a Commercial Storefront. Total approved FAR of 8,628 sq. ft. . The Units range from a Studio to a 4 Bedroom. Plans approved for direct access elevator to each Unit, 2 car garage and 5 outdoor parking spots, penthouse with huge deck overlooking Beacon Street, other Units with back decks. Currently the building is fully rented through 5/21. Begin developing this Gem on 6/1/21. With the current new construction condo market in Brookline selling at $1200/sq. ft., the potential is for a $7 Mill+ gross sell-off not including the commercial space. This building is perfect for a developer, an investor who wants to add a premier property to their portfolio, or an end user who can also generate income.

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ZESTIMATE
1618 Beacon, Brookline, MA

RENT ZESTIMATE
$1900 / mo.  1618 Beacon, Brookline, MA

89 Very Walkable



 
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Listing provided by Stella Shlayen, Trio Realty Group
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