1-5 Cortes Street, Boston, MA 02116
Suffolk County
Key Facts
Description
Presenting Arlington & Cortes, a portfolio of four (4) beautiful brownstone buildings - 1-5 Cortes Street and 143 Arlington Street - featuring 58 furnished short term rental units, located in Boston's Bay Village/Back Bay. Each building is a licensed lodging house enabling the short term rental operation. The building interiors are updated and recent building capital improvements include new roofs, re-pointed facades and life safety systems. The properties are situated in Boston’s most coveted neighborhood - Bay Village/Back Bay, surrounded by demand generators and incredible amenities. The properties are convenient to public transportation/subways and major highways (I-90, I-93), and centrally located to Boston’s employment hubs in the Back Bay, Financial District, and Longwood Medical Area. The portfolio presents a unique combination of value-add potential through enhanced occupancy and operations, with incredibly stable existing cash flow.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1910
Stories
18
Living Area
15,108 sq ft
Lot Size
0.13 acres
Zoning
9
Days on Market
4
MLS® Listing#
73431804
Property Features
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$9
Assessed Value
$9
Parcel Number
3348833
Directions
Four total buildings on the corner of Cortes and Arlington Streets.
Affordability Calculator
$4,400,000
Estimated monthly payment
$117,093/mo
Principal $17,600,000 · Est. interest $24,553,566 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Boston, MA
- $964,865
- Median Listing Price
- 52
- Median Days on Market
- 1,285
- Median Sq Ft
- $829
- Median Price / Sq Ft
- 1,955
- Active Listings
- This home’s price is 2180% above the area median.
- Its price per sq ft is 76% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Boston, MA.
Location
Points of Interest in Boston, MA
Showing the Boston area map.
Nearby Schools
New England Bartending School
School · 0.1 mi away
Boston Renaissance Charter School
School · 0.1 mi away
Quincy Elementary School
Elementary · 0.3 mi away
Quincy Upper School
Secondary · 0.3 mi away
William Mckinley School
Elementary · 0.3 mi away
Elma Lewis Center at Emerson College
School · 0.3 mi away
School of Fashion Design
School · 0.4 mi away
Snowden International High School
Secondary · 0.4 mi away
John Winthrop School
Elementary · 0.4 mi away
Commonwealth School
Secondary · 0.5 mi away
Learning Project Elementary School
Elementary · 0.5 mi away
Kingsley Montessori School
Elementary · 0.5 mi away
Cathedral High School
Secondary · 0.5 mi away
Princess Polly
School · 0.5 mi away
Blackstone Elementary School
Elementary · 0.5 mi away
Park Street School
Elementary · 0.6 mi away
Cathedral Grammar School
Secondary · 0.6 mi away
Grover Cleveland School
Elementary · 0.6 mi away
William J Ostiguy High School
Secondary · 0.6 mi away
The Newman School
Secondary · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 431 Melnea Cass Boulevard, Boston, MA | $22,000,000 | 99 | 99 | 41,628 |
| 33 Third Avenue, Boston, MA | $22,000,000 | 9 | 63 | 35,268 |
| 57 Commonwealth Avenue, Boston, MA | $23,000,000 | 16 | 17 | 10,165 |
Moving Cost Estimate
EXIT Agents in Boston
Listing Courtesy: Cushman & Wakefield - 6173306966
Presented by: Christopher Sower