105 N Washington Street Boston
William Senné
President and Chief Executive Officer
Britany Caruso Director 617.669.1069 bcaruso@sennere.com
Senné is comprised of 150+ practitioners of finance, property management, marketing, construction, design, residential and commercial brokerage, and planning, all working together to raise the bar on client satisfaction.
Our unique composition enables us to offer elevated advisory services with a broader perspective on the real estate market for our clients and partners to ensure their dreams are our goals.
Senné is committed to the simple idea that excellence and positive human interaction are not mutually exclusive. This belief informs the real estate work that we do and our service to the communities we serve. We never rest. Quality is paramount to us, and it shines through in everything we do. We reject the concept of one size fits all and embrace the unique diversity of opportunities and challenges that each client brings us.
Drawing on the collective experience of our development, construction, and brokerage teams, Senné offers curated specialty services for real estate developers, institutions and investors. With experience developing and building in excess of $2 billion worth of real estate investments nationally, we pay special attention to every detail to bring excellence and success to market.
The team takes a multidisciplinary approach fostering flexible and entrepreneurial solutions that are at the core of the Senné mission.
Jacob King Manager 413.214.1947 jking@sennere.com
DISCLAIMER: Senné Commercial, LLC has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Senné Commercial, LLC and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, Sq.uare footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
The William Senné Team WST@sennere.com I 617.934.7313
Moises Martinez Director 617.658.3989 mmartinez@sennere.com Who We Are
Investment Summary 105 N Washington Street DEVELOPMENT DETAILS Zoning District North End Neighborhood District Land Use Mixed Use Res/Comm Frontage 40 Ft. Parcel ID 0301462000, 0301457000, 0301461000 List Price $3,400,000 PROPERTY DETAILS BUILDING UTILITIES Property Address 105 N Washington St, Boston MA 02116 Heating Gas Number of Units 1 Residential Unit & 1 Commercial Unit Hot Water Gas Year Built 1899 Electric Separately Metered Land Area 3 Lots Totalling 2,701 Sq. Ft. Water City of Boston Total Gross Area 2,400 Sq. Ft. Sewer City of Boston Parking 2 Curb Cuts and 2 Surface Lots BUILDING CONSTRUCTION Exterior Brick Roof Rubber Membrane 3 Parcels 2 Empty Lots 1 Existing Structure
105
Residential
N Washington Street
105 N Washington Street Commercial
Property Highlights
105 N Washington Street
105 N Washington is a four-story two-unit mixed-use property located in Boston’s North End. Currently vacant, this opportunity is a real estate gold mine. The current structure includes one duplex residential unit with a large private roof deck and a three level commercial unit. Included in the offering are two additional commercial land lots with curb cuts that provide access from either N Washington Street or Thatcher Court. With the ease of access to route 93, Logan Airport, and Storrow Drive, this property couldn’t be more ideally located.
VALUE-ADD POTENTIAL
This rare offering includes three abutting parcels with curb-cut access from two parallel streets in the North End. There are plentiful opportunities that range from updating and stabilizing income by utilizing the existing structure, to a full tear down and rebuild of one larger condo or rental building that spans the three lots. A few options have been assessed but no formal applications have been submitted.
WALKABLE LOCATION
Using the phrase, “in the heart of the city” could not be more applicable to 105 N Washington Street. Across the street from TD Garden and North Station MBTA and steps to shops, bars, and some of the finest cuisine Boston has to offer, this urban investment offers future tenants and buyers bountiful amenities complimentary of its location.
NORTH WASHINGTON STREET
THACHER COURT
Location Overview
The North End
Unofficially known as Boston’s “Little Italy,” the North End is one of the Hub’s smallest neighborhoods—a one-square-mile area jutting into Boston Harbor. But it has played an outsized role in the city’s cultural, historical, and culinary history. Within convenient walking distance of Government Center, it’s Boston’s oldest residential area, with a history of European settlement stretching back to the early 17th-century Puritans.
Over the past 400 years, the area has been home to an early African American community and to waves of Irish, eastern European Jewish, and more recently, Italian immigrants. By 1930, almost all inhabitants were Italian, and it had gained its reputation as Little Italy. Today, it continues to be a popular destination for Bostonians and visitors from across the globe who come for the food, the sites, or the neighborhood’s summer street festivals honoring revered saints.
Boston’s popular Freedom Trail, which leads to significant American Revolution sites, winds through the North End to historic destinations like the Paul Revere House and the Old North Church. And one of the most popular sections of the city’s extensive Harborwalk is here, skirting the water’s edge along the wharves, residences, and businesses, the US Coast Guard base, and Puopolo Park.
Source: Boston University https://www.bu.edu/articles/2022/getting-to-know-yourneighborhood-the-north-end/
Location Map Mass General Hospital Government Center MBTA Old North Church Paul Revere Statue RUFF Dog Park Expressway Route 93 105 N WASHINGTON ST North Station The North End Cutillo Park Polcari Park Aquarium MBTA Haymarket MBTA Old State House New England Aquarium DeFillipo Playground N WASHINGTON ST THACHER COURT Site Plan
105 N WASHINGTON STREET
Overhead View
105 N Washington Street
Greater Boston
1 MILE 3 MILES 5 MILES BOSTON
POPULATION
2022 Estimate 85,350 497,317 958,374 4,327,000
2027 Projection 86,883 501,275 962,560 4,464,000
2010 Census 67,332 434,163 865,354 4,185,000
BUSINESS
2021 Est. Total Businesses 20,806 49,496 68,654 179,456
2022 Est. Total Employees 302,554 660,870 826,249 3,390,833
HOUSEHOLDS
2022 Estimate 43,843 211,614 394,702 1,870,168
2027 Projection 44,666 213,458 396,489 1,920,300
INCOME
2022 Average Household Income $154,211 $121,132 $116,692 $107,608
2022 Median Household Income $126,081 $88,322 $86,960 $108,133