Sold

264-290 Grove Street

Newton MA, 02466

$45,500,000


$493.10 per sqft

Sold

99 Beds

92,274 sqft

Multi-family

Built in 1965

This development at Riverside, a distinctive community consisting of 126 market rate units situated on 7 acres in Newton, Massachusetts. The site features 8 separate brick buildings with a mix of studios, one bedrooms and two bedroom apartments. Additionally, this irreplaceable asset offers residents ample parking with roughly 160 spaces and is strategically situated directly across the street from the Green Line Riverside MBTA station. This site presents investors with unprecedented value-add opportunity in one of the highest barrier to entry markets nationally. The development showcases a truly unmatched location and not only is the property near the Mass Pike (I-90) and Route 128 (I-95) interchange, but the Riverside Green Line MBTA station is steps away, 0.2 miles and a 4 minute walk specifically. This advantageously located asset provides residents incredible access to local submarket amenities and deep employer base.

72194208

MLS ID

February 6, 2024

Updated

Map

264-290 Grove Street
Newton MA, 02466

Interior Features

Total Stories

9


Bedrooms

99


Full Bathrooms

99


Half Bathrooms

99


Interior Features

Other, Other (See Remarks)


Appliances

Other


Fireplace

Yes


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

7.05 Acres


Lot Features

Other


Sewer

Public Sewer

Other Property Details

Taxes

$99


Tax Frequency

Annually


Garage

Yes


Garage Spaces

99


Parking Total

99


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

99


Buyer Agency Compensation

0.1%

 

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Data last updated 6:19 PM UTC, 2/6/2024

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