264-290 Grove St
Newton, Massachusetts MA 02466
Price: $45,000,000
Est. Monthly Payment: $193,255.78 See Details
Listing ID 72139945 Status Active 99 Bedrooms 198 Total Baths 99 Partial Baths 77,008 Square Feet

Property Description:

This development at Riverside, a distinctive community consisting of 126 market rate units situated on 7 acres in Newton, Massachusetts. The site features 8 separate brick buildings with a mix of studios, one bedrooms and two bedroom apartments. Additionally, this irreplaceable asset offers residents ample parking with roughly 160 spaces and is strategically situated directly across the street from the Green Line Riverside MBTA station. This site presents investors with unprecedented value-add opportunity in one of the highest barrier to entry markets nationally. The development showcases a truly unmatched location and not only is the property near the Mass Pike (I-90) and Route 128 (I-95) interchange, but the Riverside Green Line MBTA station is steps away, 0.2 miles and a 4 minute walk specifically. This advantageously located asset provides residents incredible access to local submarket amenities and deep employer base.
{"zipcode": "02466", "price": "45000000"}
Down Payment
Credit Score
Points
Loan Amount
Loan Type

Show All Rates

Primary Features

Area: Woodland Station
County: Middlesex
Garage Spaces: 99
Lender Owned: No
Multi-Family Type: 5-9 Family
Property Type: Multi-Family
Taxes: 220081.00
Year Built: 1975

Financial Details

Assessed Value: 19791500.00
Price Per SqFt: 584.35
Short Sale Lender Approval Required: No
Tax Year: 2017

Interior Features

Basement: no
Half Baths: 99
Total Bedrooms: 99

External Features

Lot Size: 306917.00
Parking Feature: Off-Street
Parking Spaces: 99

Additional

Property Sub Type: Multi-family
Sewer: City/Town Sewer
Units: 99
Water: City/Town Water

Zoning Info


© 2017 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. This information was last updated on Sunday, April 23rd, 2017. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Coldwell Banker Residential Brokerage directly for additional information pertaining to the status and availability of properties displayed on this website. Listing Courtesy of Jason Weissman with Boston Realty Advisors.

Schedule a Showing - Listing ID 72139945

Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property. For more immediate assistance, please call John & Cindy Farrell at 978-468-9576.

Data services provided by IDX Broker