for sale THE

75-Unit “class a” Apartment Building

BUILDING
boston, Massachusetts

property highlights
75-unit luxury loft-style apartment building
stabilized core investment opportunity
currently 95% occupied
Outstanding in-fill location, just minutes from The Financial District and the vibrant Seaport neighborhood of Boston
Superior amenity package featuring private and common rooftop terraces with unrivaled harbor/city views, elevatored building
and garage parking
Unsurpassed finishes: Italian kitchens with custom cabinets, stainless steel appliances, granite counter tops, marble bathrooms,
hardwood floors, laundry in unit, central A/C, 15 foot ceilings (select units), brick and beam exposures (select units) and private
roof decks (select units).
Outstanding subway access to Boston’s Financial District, Back Bay and Logan Airport
Condo Conversion Exit – Opportunity to convert units to condos with minimal conversion costs

christopher d. sower Jason S. Weissman 745 Boylston Street

Managing Director & Partner Founder & Principal Boston MA, 02116
617.850.9633 p. 617.375.7900
617.850.9608
f. 617.536.9566
csower@bradvisors.com jweissman@bradvisors.com www.bradvisors.com
75-unit “Class A”
apartment building THE
the signal building, boston, MA BUILDING

Property overview

Boston Realty Advisors has been exclusively retained to walls (select units), original wood beams (select units), Italian
market The Signal Building in Boston, MA. kitchens with custom cabinets, stainless steel appliances, granite
counter tops, marble bathrooms, laundry in unit, central A/C, 15
The Signal Building is a 75-unit luxury loft-style, urban infill transit
foot ceilings (select units) and private roof decks (select units).The
oriented apartment community located in Boston Massachusetts.
Signal Building has much more to offer than a traditional apartment
The Signal Building was designed to cater to the high-tech/high-style
building. The unit mix includes six (8.0%) studio apartments (633
renter looking for the latest innovations in luxury living with a hip
SF), 43 (57.3%) one-bedroom apartments (943 SF) and 25 (33.3%)
Boston location. Located just minutes from downtown Boston,The
two bedroom, two bath apartments (1,524 SF), and 1 (1.3%)
Signal Building offers residents unparalleled access to employment,
three bedroom, two bath apartment (2,131 SF) with an average
transportation and all the lifestyle amenities that Boston has to
apartment size of 1,128 square feet. Community amenities include
offer. Located approximately one mile from downtown Boston, the
a panoramic common roof deck with views of the Boston skyline
property is blocks from the Broadway MBTA Red Line station,
and waterfront.
providing access to Boston and Cambridge, and one-half mile from
both I-90 (Mass Pike) and Interstate 93, offering outstanding access As a luxury living community, with unsurpassed unit designs and
to Boston’s Financial District, Back Bay and Logan International finishes, The Signal Building is ideally suited to realize the gains
Airport. fueled by a tightening rental market. In addition, the current finishes
ideally position the property for a condo conversion exit strategy.
Due to its exceptional quality of life, cultural offerings, diversified
employment and well-developed infrastructure, Boston is un
We are offering this unique investment opportunity for sale on an
unpriced basis.
considered one of the nation’s most desirable areas to live and
work. Contrary to the national economy, the Boston market We will be conducting tours over the next several weeks with a
continues to expand in the areas of education and health services call for offers to follow.
and professional, scientific and business services having added over
64,300 jobs since December of 2009. Massachusetts is the nation’s UNIT mix • the signal building
epicenter for biotechnology, with over 300 biopharmaceutical Unit Type # of Units Unit SF Mkt. Rent $/SF
companies located in the state. Biotechnology in Massachusetts
is highlighted by industry leaders such as Wyeth, Genzyme
Studio- AFF 3 642 $1,194 $1.86
Corporation, Biogen Idec, Millennium Pharmaceuticals, Amgen, Studio 3 624 $1,875 $3.00
Novartis, Pfizer, Abbott, Astra Zeneca, and Merck to name a few. 1 Bed, 1 Bath- AFF 5 961 $1,393 $1.45
The Signal Building represents a complete redevelopment of an 1 Bed, 1 Bath 38 940 $2,635 $2.80
existing loft industrial building plus the addition of two new wings 2 Bed, 2 Bath- AFF 1 1,314 $1,593 $1.21
encompassing 75 units. Originally built in 1920, this four-story 2 Bed, 2 Bath 24 1,533 $3,614 $2.36
building is now a striking example of urban loft styling. Exclusive 3 Bed, 2 Bath 1 2,131 $4,150 $1.95
apartment homes just minutes from the Boston CBD create some
Total/Average 75 1,128 $2,784 $2.37
of the finest in apartment living in Boston. With exposed brick
Total/Average- Mkt 66 1,160 $2,979 $2.57
Total/Average- AFF 9 894 $1,349 $1.51
75-unit “Class A”
apartment building THE
the signal building, boston, MA BUILDING
interior photos
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Units/Net
Rentable Area: 75 units/84,577 SF
site area: 36,342 SF
year built/renovated: 1920 - Original construction; 2010 – Redevelopment/New Construction
Building overview: The property consists of a U-shaped four-story building and includes an original brick and
beam building (along B Street) and two new wings (along West 1st & West 2nd).
roof: Flat roof with rubber membrane
HVAC: Individual gas-fired Goodman HVAC units with pad or roof mounted condensers that
provide forced hot air and central A/C.
unit amenities: Exposed brick walls (select units), original wood beams (select units), Italian kitchens with
custom cabinets, stainless steel appliances, granite counter tops, marble bathrooms, laundry
in unit, central A/C, 15 foot ceilings (select units) and private roof decks (select units).
parking: 74 Tandem Garage Spaces
26 Single Garage Spaces
100 Total Spaces (1.3 spaces/unit)

thesignalbuildingboston.com
christopher d. sower Jason S. Weissman
Managing Director & Partner Founder & Principal
617.850.9633 617.850.9608
csower@bradvisors.com jweissman@bradvisors.com 745 Boylston Street • Boston MA
p. 617.375.7900 • f. 617.536.9566