587 Albany Street

Boston, MA, 02118

$2,995,000

$277 per ft²
$2,995,000
$277 per ft²
Active
Active
 - For Sale
carpenters-square
10,800 ft²
property_type
Multi-family
calendar
Built 1900
Development Opportunity. Existing 3 story brick warehouse together with ZBA APPROVAL TO CONVERT TO A 6 STORY RESIDENTIAL BUILDING! The approved plans call for 6 residential units, the majority of which are direct elevator access 2+ bedroom/2 bath flats with 1420 sq/ft each. The property is located in the South End's hottest new neighborhood with literally millions of square feet of residential, office, laboratory and cultural spaces under construction. Build the approved project or take advantage of the properties highly desirable EDA-South zoning where buildings to 70' are allowed and potential uses include hotel, office, lab, and school. A truly rare opportunity, priced to sell. Clean Phase I environmental report. Delivered vacant.
MLS® ID:
73030346
Listed:
8/28/22
Updated:
5/31/23
Coldwell Banker
Jonathan Radford
Mobile: (617) 335-1010Email: [email protected]

Exterior/Building Features

Lot Size
1,831 ft² lot
Lot Details
Level
Sewer
Public Sewer

Other Property Details

Area Name
South End
Taxes
$14161
Tax Frequency
per YEAR
Association Amenities
Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Garage
No
Parking
N
View
N
County
Suffolk
Water Source
Public
Pool
No
Total Stories
3
Zoning
EDA-South
Buyer Agency Compensation
2.25
Transaction Broker Compensation
2.25
Compensation Based On
Net Sale Price
Sub Agency Relationship Offered
No

Property History

Date
Event
Price
Value
10/18/22
Price Change
$3,400,000
-2%
10/26/22
Price Change
$3,375,000
0%
11/11/22
Price Change
$3,295,000
-2%
1/4/23
Price Change
$3,250,000
-1%
1/10/23
Price Change
$3,150,000
-3%
1/27/23
Price Change
$3,125,000
0%
2/16/23
Price Change
$3,075,000
-1%
3/28/23
Price Change
$3,025,000
-1%
4/18/23
Price Change
$2,995,000
0%

 

Courtesy of The Residential Group, William Raveis R.E. & Home Services

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Data last updated 6:31 PM UTC, 5/31/23

Coldwell Banker
Jonathan Radford
Mobile: (617) 335-1010Email: [email protected]
Contact