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$2,460,000
Est. payment /mo
16 Beds
14 Baths
10,000 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 10,000 sqft
Price per Sqft $246
MLS Listing ID 73531829
Bedrooms 16
Full Baths 14
Annual Tax Amount $12,674
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
DEVELOPMENT OPPORTUNITY with existing income property++The Breakwater++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
Location
State MA
County Suffolk
Zoning CBD
Direction Pauline to Putnam St.
Exterior
Garage Spaces 12.0
Community Features Public Transportation, Shopping
Waterfront Description Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Roof Type Asphalt/Composition Shingles
Total Parking Spaces 38
Garage Yes
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Leading Edge Real Estate
NEARBY SCHOOL & BUSINESS
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