Rare Beacon Hill Portfolio Acquired Across from the State House
July 31, 2023 – By Tom Palmer
Boston Realty Advisors, the largest independent real estate brokerage in Massachusetts, represented the seller in the sale of 63-65 Hancock St., a two-building, 22-unit multifamily asset in Boston’s Beacon Hill neighborhood, one of Boston’s most picturesque locations.
The buildings are exquisitely updated residences in a historic neighborhood that have common areas and a large private rear courtyard.
The transaction, with the seller represented by Boston Realty Advisors Associate Director Andrew Herald and the Capital Markets team, closed on July 10, 2023. The price was $9.8 million.
“This is a quality asset, and it shows that well-located real estate is trading today regardless of what is going on the world,” said Herald. “Beacon Hill is one of the most sought-after neighborhoods in the country. Properties like this are still in high demand.”
The property is made up of two studio units, 17 one-bedroom units, and three three-bedroom units. The buildings total approximately 12,200 gross square feet. 63-65 Hancock was offered for sale on an unpriced basis.
Surrounded by outstanding amenities and a deep employer base in the City of Boston, 63-65 Hancock St. is a prime asset. The residential units have immediate access to the numerous major employers of the Financial District and Government Center, Boston Common, and a wealth of shopping, dining and recreational amenities.
It is a short walking distance also to the Massachusetts General Hospital campus and the many shops and restaurants along picturesque Charles Street.
Beacon Hill is a central, transit-oriented location while maintaining the historic character of one of Boston’s most well-known neighborhoods. Residents benefit from immediate access to MBTA rapid transit trains on the Red, Green, Orange and Blue Lines.
“Boston continues to remain strong with ever growing demand for housing options,” said Herald.
Read article as featured on Yahoo FinanceTags: andrew herald, Beacon Hill Real Estate, Boston, Boston Commercial Real Estate, Boston Commercial Real Estate News, Boston Real Estate, Boston Realty Advisors, Capital Markets, Commercial Real Estate, independent brokerage, Jason Weissman, Multi-Family, Multifamily