Athens Bakery Site | 1609-1621 Beacon St
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Athens Bakery Site 1609-1621 Beacon St
19,544 SF 100% Leased Retail Building Brookline, MA 02446 £6,667,485 (£341/SF) 4.24% Net Initial Yield
Executive Summary
****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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£326,562
|
£16.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£326,562
|
£16.71
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£43,756
|
£2.24
|
| Net Operating Income |
£282,806
|
£14.47
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £326,562 |
| Annual Per SF | £16.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £326,562 |
| Annual Per SF | £16.71 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £43,756 |
| Annual Per SF | £2.24 |
| Net Operating Income | |
|---|---|
| Annual | £282,806 |
| Annual Per SF | £14.47 |
Property Facts
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
19,544 SF
Building Class
B
Year Built/Renovated
1910/1980
Price
£6,667,485
Price Per SF
£341
Net Initial Yield
4.24%
NOI
£282,806
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.60
Land Acres
0.28 AC
Zoning
G175
Parking
13 Spaces (0.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Corner Lot
- Public Transport
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | BROO-000215-000012 | Improvements Assessment | £3,601,697 |
| Land Assessment | £2,356,446 | Total Assessment | £5,958,143 |
PROPERTY TAXES
Parcel Number
BROO-000215-000012
Land Assessment
£2,356,446
Improvements Assessment
£3,601,697
Total Assessment
£5,958,143
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Athens Bakery Site | 1609-1621 Beacon St
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