Commonwealth Development

  • Title

    Development Property for Sale

  • City

    Brighton,MA

  • Price

    $2,000,000

  • Cap Rate

    6.1%

  • Gross Leasable Area

    6,400 SF

  • No. Units

    3

  • Price/SF

    $312.50

  • Price/Unit

    $666,667

  • No. Stories

    2

  • Year Built

    1910

  • Lot Size

    6.18 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Commonwealth Development property located on 1789 Commonwealth Ave & Wallingford Rd in Brighton, MA.

The property consists of two separate parcels.First parcel consists of 14,061 SF lot with a 3,960 SF three family property. This wood frame three-family built in 1910 is comprised of three, four and six bedroom units, tenant paid utilities, off street parking, on site washer & dryers.

Second parcel consists of 7,463 SF of residential land.

Brighton, a neighborhood in Boston, Massachusetts, is located in the northwestern corner of the city. The estimated population of Brighton is 43,887 with a land area of 2.78 square miles. The median home price is $495,000 compared to the national average of $217,00. The cost of living is 30% higher than the national average with 33% of the population graduating from a four-year college. Today the area is a middle-class urbanized area occupied largely by a mix of dense residential neighborhoods and small businesses.

All interested and qualified parties will have an opportunity to tour the property during scheduled appointments and obtain additional information upon request.

Brighton, Suffolk County, MA

Commonwealth Development Offering Memo