Project Progress: Acquired by Proponent


About Arlington & Cortes

Back Bay, Boston, MA

The property features a 58-unit portfolio consisting of four (4) individual brownstone properties in Boston’s Bay Village neighborhood. The portfolio, which is designated with full Lodging Licenses for 84 occupants, boasts 100% occupancy with most leases running for a 12-month term.

The buildings are equipped with recently renovated systems, including new roofs and life safety systems, and beautifully re-pointed brick facades. Interior units present value-add potential or benefit from strong cash flow based on the existing tenants.

The properties are positioned in one of Boston’s most convenient neighborhoods, Bay Village, which offers superb transit options and easy access to major highways. The properties are centrally located to Boston’s top employment districts, including Downtown Boston, the Longwood Medical Area, and Back Bay. Arlington & Cortes are also proximate to many of Boston’s top institutions and amenities in South End, Back Bay, and Downtown Boston.

This charming brownstone offers studios and rooms in a stunning location just minutes from Copley Square, Chinatown, the Public Gardens, and the Theatre District. Laundry is available around the corner at 5 Cortes Street. The Orange Line at Back Bay (with Amtrak and Commuter Rail) and the Green Line at Arlington are less than ten minutes away. Twenty-four hour emergency maintenance service is just a phone call away. The rooms with shared bathrooms have their bathrooms cleaned regularly by housekeeping. All utilities are included in rent, and all rooms are cable-ready.

Construction Cost $12,820,000.00
Acquisition Cost $12,820,000.00
Square Feet 18,396
Sector

Housing

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Arlington   cortes back bay boston ma

Jul 26, 2018

Premier Capital Partners has acquired the Arlington & Cortes portfolio for $12.82 million

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