J. Barrett & Company
Tina McManus, J. Barrett & CompanyPhone: (978) 473-2154
Email: [email protected]
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listing
1 of 6
Multifamily
$35,000,000
379-383 Broadway
Somerville, MA 02145
Courtesy of Jones Lang LaSalle New England, LLC
MLS Property Information Network
13Beds
62Baths
5,280Sq Ft
Est. Mortgage
$180,764/mo

The Broadway is a 62-unit, recently renovated, 100% market rate apartment community adjacent to Boston's urban core in Somerville, MA featuring 1,259 SF of street-level retail, a 2 story garage and parking for 94 cars. Ownership has renovated all but nine of the Community’s units, investing a total of $3.2 million in capital expenditures including new elevators, adding in-unit laundry, and converting the Community to electric heat. There is meaningful upside potential through a further unit renovation program to modernize units and enhance finishes. Additionally, there is the potential to develop 28 additional units on the site with the permitting process well underway.

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Information courtesy of Jones Lang LaSalle New England, LLC is subject to verification and is not guaranteed.
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