Arlington & Cortes
Four Building Lodging House Portfolio | 58 Rooms | Bay Village – Boston, MA
Marketing description
Cushman & Wakefield’s New England Multifamily Advisory Group is pleased to present for sale Arlington & Cortes, a 58-unit portfolio consisting of four (4) individual brownstone properties in Boston’s Bay Village neighborhood. The portfolio is designated with full Lodging Licenses. The buildings are equipped with recently renovated rooms, bathrooms, common areas, laundry facility and systems, including new roofs and life safety systems, and beautifully re-pointed brick facades. Interior units present a significant value-add potential with the benefit from strong existing cash flow.
The properties are positioned in one of Boston’s most convenient and supply- constrained 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.
Investment highlights
Location
Located just southwest of Downtown Boston, Bay Village is a historic neighborhood with gas light lined streets, historic facades, and brick sidewalks. Residents of the neighborhood enjoy easy walking access to the surrounding parks, shops, restaurants, and theaters of Downtown Boston, Back Bay, and the South End.
Strong Demand
Despite the influx of luxury and super-luxe apartments and hotels that have come to market from developments such as Avalon at Exeter and 1 Dalton, Arlington & Cortes remain positively positioned to absorb the demand for middle market housing and hospitality product. Boston’s increasing population, combined with extremely low vacancy rates as well as high tourist demand in both the Back Bay & South End, leaves the moderately priced marketplace extremely under-supplied.
Classic Boston Architecture
Complete with unique architectural features, this four (4) building portfolio epitomizes the classic bow-front brick brownstone aesthetic.
Significant Value-Add Potential
Arlington & Cortes presents the opportunity to update the existing 58 units and increase revenue, perform complete gut renovations, or implement a full-scale condo conversion.
Access to Transportation & Employment Centers
Arlington & Cortes boast convenient access to multiple MBTA stations on the Green and Orange Lines as well as the Commuter Rail, multiple bus lines and Interstate-90/Mass Pike. The property is also located minutes from the headquarters of major employers including Liberty Mutual, Natixis Global, Wayfair, and John Hancock. These rapidly growing global institutions employ thousands who live, work and play in the Back Bay, South End, and Bay Village neighborhoods.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
