Newly Constructed, 12-unit Luxury Apartment Building in Jamaica Plain
July 29, 2022 – By Tom Palmer
BOSTON – Boston Realty Advisors, the largest Boston-based independent real estate brokerage firm, is exclusively representing the owner of 81 Amory St., a newly constructed, transit-oriented multifamily property located in Jamaica Plain between Amory Avenue and Amory Terrace.
The 81 Amory St. property consists of 13,800 square feet of luxury residential living across 12 units. Underground parking is provided to all residents. There is an opportunity to add additional shared amenities to the building as the new owner sees fit.
“The 81 Amory St. property povides a unique opportunity for investors to own a fully leased residential building in one of Boston’s fastest growing neighborhoods — Jamaica Plain,” said Matt Ericson, Associate Analyst at Boston Realty Advisors. “Strong tenancy and a growing submarket make it ideal for new and existing owners alike.“
The property is available for sale on an unpriced basis. Boston Realty Advisors is conducting tours of the property, with a call for offers to follow.
Residents have immediate access to Route 2, are only a short 20-minute drive from Downtown Boston via Washington Street, and are within walking distance of Jackson Square Station, where they can access the MBTA Orange Line and five bus routes..
An extensive network of parks and trails welcome bikers, walkers, and runners, including a 1.5-mile path around Jamaica Pond and 281 acres of nature at the Arnold Arboretum.
Jamaica Plain is home to many dining and retail options, including a flourishing small business community featuring mom-and-pop shops and local artists. Within a one-mile radius of 81 Amory St. there are 830 businesses alone, and within a three-mile radius there are more than 7,400. Stop & Shop, Whole Foods Market, CVS, and Walgreens are all under one mile away, with plenty of other dining, shopping and health and fitness options in between.
As part of Boston’s Southwest neighborhoods, along with Roslindale and West Roxbury, Jamaica Plain has experienced rapid growth and significant change over the past decade within its real estate, public spaces and transportation. New product on the market is commanding higher rents, driving an effective rent growth year-over-year of 8.6 percent and an annual rent growth of 7.8 percent.
The area is seeing an influx of young professionals, in large part due to Jamaica Plain’s close proximity to the Longwood Medical Area and also its desirability as a tight-knit neighborhood with vast green spaces.
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