1609-1621 Beacon Street Brookline

MA 02445

$8,500,000

Units4

Price / Unit$2,125,000 / unit

Total Rent$0

CAP Rate4.24%

Total Living Area13,100 sq ft

Total Parking13

Local context for 1609-1621 Beacon Street Brookline

School boundaries and zoning can change. Confirm current assignment and permitted use with the Town of Brookline for this address.

Neighborhood: Washington Square
Elementary school: Michael Driscoll
High school: Brookline High School
Zoning code: G-1.75(WS)
Zoning description: GENERAL BUSINESS
Zoning category: commercial
Floor area ratio: 1.75
Voting precinct: 10
Voting location: Driscoll School, New Gymnasium, Washington Street Entrance

About 1609-1621 Beacon Street Brookline

****Introducing the Athens Bakery Site ****Located at the heart of Brookline's Washington Square, this property graces the iconic intersection of Beacon Street and Washington Street. Serving as a pivotal gateway between renowned Coolidge Corner of Brookline and the Cleveland Circle neighborhood of Boston. Presently, the building houses 4 distinct businesses, all of which are long-standing and successful tenants along with a substantial amount of parking. With over 13k of interior living sq. ft.& almost 12,000 sq feet of lot space. THERE IS MAJOR DEVELOPEMENT POTENTIAL and upscale luxury finishes. The building grosses over 400k of income currently while you wait for approval.

Property details for 1609-1621 Beacon Street Brookline

Property type: 5-9 Family
Units: 4
Total rooms: 0
Total bedrooms: 0
Total bathrooms: 0
Living area: 13,100 sq ft
Building area: 13,100 sq ft
Lot size (acres): 0.28 acres
Lot size (square feet): 11,988 sq ft
Year built: 1920
Listing ID: 73290524
Postal code: 02445
Total parking spaces: 13
Garage spaces: 0

Reported income for 1609-1621 Beacon Street Brookline

Figures are reported in the listing. Confirm the reporting period, leases, collections and supporting records before relying on them.

Gross income: $416,315
Net operating income: $360,533
Total actual rent: $0
Estimated CAP rate: NOI ($360,533) ÷ List price ($8,500,000) = 4.24%

Reported annual expenses for 1609-1621 Beacon Street Brookline

Figures are reported in the listing. Confirm the reporting period, leases, collections and supporting records before relying on them.

Operating expenses: $55,782
Real estate taxes: $115,198
APOD available: Yes

Utilities & disclosures for 1609-1621 Beacon Street Brookline

Water source: Public
Sewer: Public Sewer
Tax year: 2024
Assessed value: $999,999
Disclosures: Buyers do their diligence on development opportunity and information.