Jones Lang LaSalle (“JLL”) is pleased to present the exclusive opportunity to purchase the leasehold interest of 145-157 St. Alphonsus Street in Boston, Massachusetts (“Property”). The Property is a seven-unit multifamily community situated at the eastern corner of a 5.91 acre parcel adjacent to the Kevin W. Fitzgerald Park at the intersection of Longwood and Mission Hill neighborhoods. 145-157 St. Alphonsus Street offers a unique investment proposition as the units are currently vacant, with all recent leases recently expiring on 8/31/2023. The Property is also subject to a ground lease. The current lease term expires 12/31/2023 and the fee interest owner requests a new ground lease be proposed, negotiated, and executed as part of this offer and closing process.
145-157 St. Alphonsus Street is located at the intersection of Boston’s dynamic Longwood Medical Area and Mission Hill neighborhoods. Steps from the Brigham Circle MBTA Green Line Station, the Property features 2-, 3-, and 4-bedroom units, full kitchens and living areas across an average of 966 square feet per unit. On-site parking allows for 1.7 spaces per unit. Built in 1979, the Property was historically marketed toward students given its convenient location and access to many of Boston’s top universities. However, potential buyers have the utmost flexibility to renovate the units, attract a diverse set of renters and maximize the Property’s potential.
In addition to its prime location and access, 145-157 St. Alphonsus Street offers abundant nearby amenities and recreational opportunities. Numerous parks and outdoor spaces are in close proximity while vibrant retail hubs and cultural attractions are easily accessible.
The Property represents a highly attractive investment opportunity, combining strategic location and versatile potential.
- Value-add opportunity with optimal optionality
- Exceptional Accessibility
- Highly Amenitized Location
- Direct Access to Commercial Demand Drivers
- Proximity to Higher Education and Medical Institutions