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$ 21,750,000
Est. payment /mo
New
1539 Beacon Street Brookline, MA 02446
99 Beds
85.5 Baths
37,670 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 37,670 sqft
Price per Sqft $577
MLS Listing ID 73592434
Bedrooms 99
Full Baths 56
Half Baths 59
Year Built 1910
Annual Tax Amount $99
Tax Year 99
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
We are pleased to present the opportunity to acquire Beacon Fairbanks Manor, a 56-unit apartment community in one of Greater Boston's most highly ranked and supply-constrained submarkets, Brookline, MA. Beacon Fairbanks Manor occupies a prime position on Beacon Street between Coolidge Corner and Washington Square, sitting directly on the MBTA Green Line Fairbanks Street stop. The property consists of 11 Studios, 30-One Bedroom, and 15-Two Bedroom units. The property provides durable in-place income underpinned by an irreplaceable location and strong tenant demographic, paired with a clear value-add business plan with significant upside. The property sits within a short commute of the 213-acre Longwood Medical Area; home to Brigham and Women's Hospital, Boston Children's Hospital, Beth Israel Deaconess Medical Center, and Dana Farber Cancer Institute. Additionally, Beacon Fairbanks Manor provides rapid transit to tenants who work in the major employment hubs of Boston, Cambridge, Brookline, and beyond. Nearby amenities are unmatched within Coolidge Corner and Washington Square, known for boutique dining, grocery options, retail, nightlife, and a strong sense of community that supports low turnover rates.
Location
State MA
County Norfolk
Area Coolidge Corner
Zoning 99
Direction 1539 Beacon Street, 17-21 Fairbanks, Brookline, MA
Exterior
Exterior Feature Other
Roof Type Other
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Boston Realty Advisors
Nearby Locations