In an interesting article this week on Curbed, Alissa Walker discusses the lack of affordable housing in NYC as new mega-towers of luxury condos continue to be built. Many people see these properties as a poor use of space where less-expensive housing options could be built instead. As economist Jason Barr states in the article, […]
Charlesgate Realty Group has been exclusively retained to market 47-49 Massachusetts Ave in Boston’s historic Back Bay neighborhood. The property consists of six residential units and two restaurant/retail units. The income producing property provides significant value add opportunity to upgrade unit interiors and/or reconfigure floor plans to substantially increase rents or sell as part of […]
Condo quality Turn Key investment property in South Boston renovated in 2015. 75-77 F Street features 3 fully renovated units with 2 bedrooms each. No expense was spared on the renovations and the units are tastefully done with a modern European feel. Each apartment has open layouts,hardwood floors, walk in showers Granite and Stainless steel […]
Bobby Quinn, Mutifamily Specialist at Charlesgate Realty, had a few moments to talk us after his recent radio appearance this past week. During the interview, he highlighted the amount of new construction in the city and how he sees this changing in the next 3-5 years. He also highlights what impacts this has on markets […]
Charlesgate Multifamily recently helped facilitate both sides of a transaction on a building in Boston’s South End. The building’s address is 11 Newcomb Street which is a stellar location near Boston Medical Center. The property, when purchased, consisted of office areas and 15 parking spaces and was owned by Teen Challenge. The buyers, 11 Newcomb, […]
As you all know, Boston has seen a huge boom in apartment building construction lately. Take a look toward the sky in any neighborhood and you will see cranes, cranes, cranes. This is awesome for the city, however, the sudden influx of new inventory laden with high class amenities is creating a situation where building […]
As landlords, it is important to provide safe and clean properties for your tenants and to offer exceptional service in your interaction with them. But what can you do to increase the rents, and therefore the value, of your property? There are certain considerations you can make that are cost effective ways to help your […]
Legendary investor Charles Schwab recently told Barron’s the biggest mistake most novice investors make is procrastinating. They wait for market conditions to improve instead of preparing for fluctuations by investing the resources they already have. Schwab was talking about stock investments, but the same principle applies to real estate. The younger you start investing, the sooner you start […]
Getting financing to rehab houses is harder now than before the crash, but can still be done. The preferred method to buying houses for rehab is cash or using an equity line of credit. This way if you are dealing with a motivated house you can close right away without the hassle of jumping through […]
We are often asked the question, “what does it cost to sell my Multifamily?” While, real estate commissions are part of the equation, there are several other costs you need to be aware of. A typical sale cost for an owner will include Broker Commission, Tax Stamps, Mortgage discharge fees, and Attorney fees. The Tax Stamps, mortgage discharge […]