Boston Realty Advisors is pleased to present the opportunity to acquire a truly exceptional asset located at 3-7 Jerusalem Place in Boston’s iconic and historic neighborhood of the North End. Jerusalem Place consists of three (3) existing residential units totaling 2,680 gross square footage and a ten (10) car surface lot. The lot is designed for two (2) additional buildings with four (4) units and (4) Garage Parking totaling 7,170 gross square footage. The offering showcases traditional North End architecture with red-brick façades. Jerusalem Place offers investors the opportunity to own rarely available real estate in a high-barrier to entry market.

The North End of Boston is truly a one-of-a-kind neighborhood and is known for its rich history, plethora of lively bars and restaurants, immediate proximity to the waterfront and much more. Combining the historic Italian charm with the inflow of great new retail concepts, the Greenway Park and many more amenities, the North End will always be an in-demand area for residents and businesses.

Jerusalem Place represents a unique opportunity to purchase a one-of-a-kind asset located in one of the highest barrier to entry markets in Boston, MA. We will be conducting tours of the property in the upcoming weeks.

EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

Transit Oriented

The North End is a central transit-oriented location, while maintaining the look and feel of a close-knit classic Boston neighborhood. Residents benefit from unmatched access to multiple MBTA lines such as Green Line, Orange Line, and Commuter Rail and is just a quick walk to the deep employer of the neighboring Financial District.

 

Superior Area Amenities

Located in the heart of the North End, Jerusalem Place offers access to a plethora of amenities. With countless restaurants and bars, grocery stores, boutique shops, the Greenway Park, with easy access to the waterfront, Faneuil Hall and the Public Market; the North End truly exemplifies an amenity rich neighborhood in every sense of the phrase.

 

 

Strong Market DynamicS

The North End and Waterfront area continue to showcase their core locations with the increase in rental rates and condominium prices year over year. Along with the continuous increase in real estate prices, the North End is a haven for successful young professionals and families.

 

AREA DEVELOPMENT

Located just steps away from two of the biggest developments to hit Boston in decades, the area is continuing to grow at a rapid pace. Just a half mile away at North Station, Boston Properties and partner Delaware North are completing their 1.9 million square foot mixed-use development that will be future home to anchor tenant, Verizon. Just around the corner, HYM Investment Group is redeveloping the Government Center Garage with a 2.9 million square foot mixed-use center.

 

PROPERTY DETAILS

LOCATION OVERVIEW

CONTACT

CL Properties

CARMELA LAURELLA

President

617.797.2538

carmela.laurella@clproperties.com

VITO ASCOLILLO

Managing Director

617.645.9700

vito.ascolillo@clproperties.com

TRAVIS SACHS

Executive Vice President

617.549.0020

travis.sachs@clproperties.com

Boston Realty Advisors

Jason s Weissman

Founder & Senior Partner

617.850.9608

jweissman@bradvisors.com

Nicholas M Herz

Managing Director & Partner

617.850.9624

nherz@bradvisors.com

KEVIN Benzinger

Associate Director

617.850.9647

kbenzinger@bradvisors.com

andrew b herald

Associate Director

617.850.9619

aherald@bradvisors.com

DOMINIQUE DUBOIS

Analyst

617.850.9632

ddubois@bradvisors.com

112 Union Wharf  |  Boston, MA 02109  |  (T) 617.624.9700  |  CLProperties.com

745 Boylston Street  |  Boston, MA 02116  |  (T) 617.375.7900  |  (F) 617.536.9566  |  BRAdvisors.com

REDEVELOPMENT OPPORTUNITYNORTH END BOSTON, MA