Off Market – New Construction Multifamily: Greater Boston, MA

Greater Boston, MA.

85-unit multifamily property.
The asset was constructed within the past few years & contains a mix of Studios, 1BRs, and 2BRs.
It is currently 100% occupied.
The property also has two ground-floor retail spaces and 37 dedicated parking spaces.
In-place rents are still 10-15% below new lease comps in the immediate trade area.

• Total Population (3-Mile Radius): 400,788
• Median HH Income (3-Mile Radius): $94,949
• Population Growth ’24-’29 (3-Mile Radius): -3.37%
• Submarket Avg. Vacancy Rate (1-3 Star): 7.4% (0.8% YOY Change)
• Submarket Rent Per Unit (1-3 Star): $2,600