executive summary

Colliers International & Metro Realty, as exclusive agents, are pleased to present the opportunity to acquire 10-12 Greenway Court, a boutique 14-unit 100% market rate apartment building located in the heart of Brookline, Massachusetts.  The property is situated on a quiet side street in the coveted Coolidge Corner neighborhood of Brookline, an affluent highly sought-after town bordering Boston to the west that boasts one of the best school systems in the country.  The property is located 1 block from the MBTA Green Line Station and the location offers residents immediate access to the area’s major employers, academic institutions, shops, dining and entertainment destinations.

 

The 1920's-built building features charming common area spaces, attractively landscaped grounds, 14+ on-site parking spaces, eleven (11) 4-bedroom units, three (3) 3-bedroom units and one unit that is operated as a short-term rental via Airbnb.  All the apartment units offer large floor plans with oversized bedrooms, high ceilings, hardwood floors, large closets, and abundant natural light. Two of the 3-bedroom units were added (newly constructed) to the garden level in 2015.  These units offer 1 ½ baths, plentiful closet space (including walk-in closets in each bedroom), built-in cabinetry, full height windows, quartz counter-tops and a GE stainless steel appliance package.  There is a distinct opportunity to upgrade the 4-bedroom unit interiors, including kitchens, bathrooms, flooring, lighting and appliances, as well as replacing the current kitchen pantry with a second bathroom.  With these upgrades, the buyer would elevate the competitive profile of the asset in the market and these renovated luxury units would command significantly higher rents.

2

buildings

20,347 net rentable areas

14

Apartment units

plus 1 Airbnb unit

11 4 bedroom units

3 3 bedroom units

1 Airbnb unit

14+

Parking Spaces

On-Site Laundry &

Indoor bike rack

100%

Market Rate

Transit oriented - 1

block to green line "T"

investment highlights

location

Longwood Medical Area

10-12 Greenway is centrally located among some of the best medical, educational, and innovative institutions in the world. Within walking distance, the Longwood Medical and Academic Area (LMA) is the country’s top life science cluster and home to Harvard Medical School, Beth Israel Deaconess Medical Center, Brigham and Women’s Hospital, Dana-Farber Cancer Institute, Joslin Diabetes Center, and Children’s Hospital Boston. The 215-acre Longwood Medical Area is comprised of more than 15 million square feet of office, medical office and lab space.  Notable academic and research institutions including Boston University, Boston College, MIT, Northeastern University, and Harvard University are all close to 10-12 Greenway Court.

Commute Time

 

  • Boston University 5 minute walk
  • Longwood Medical Area 20 minute walk
  • Back Bay 15 minutes by Green Line “T” to Copley Station
  • Downtown Boston 25 minutes by Green Line “T” to Park Street Station

Process & Pricing

10-12 Greenway Court is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via the Real Capital Analytics website.  Once investors have had an opportunity to review the offering materials and tour the property, Colliers & Metro Realty will schedule a “Call for Offers”.

 

For more information on the property and to sign the Confidentiality Agreement, please click here!

Multi-Family Investment Sales

Christopher Sower

617-330-8141

christopher.sower@colliers.com

Bruce Lusa

617-330-8043

bruce.lusa@colliers.com

Jonathan Bryant

617-330-8081

jonathan.bryant@colliers.com

John Flaherty

617-330-8151

john.flaherty@colliers.com

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