$25,000,000 92 Unit Apartment Conversion (Boston)

92 apartments via interior renovation, building is gutted & vacant. · $24mm purchase price (seller has $80mm into it) · 92,000 sq ft over 6 stories, free standing building · 36 parking spaces in basement · 12% occupied, ground floor only (no tenant terminations needed) · Desirable South End location; far superior to other office buildings in finance district · Expedited permitting review - average approval in 3 months; typically 18-24 months · 4 different tax credits available, totaling about $25mm in value. Approvals in hand for 3 of 4. Please call or text me at show contact info