RARE 14,000 SF Hyde Park Development Opportunity! This exceptionally large lot is primed for significant residential redevelopment. Current architectural work suggests potential for 5 to 6 high-end townhouses. For a larger investor, the site's dimensions could accommodate a substantial 20 to 25-unit condo or rental building. Owners have proactively engaged the City of Boston and received supportive feedback on preliminary concepts. No formal plans or permits have currently been submitted. The driveway in one of the pics shows a highlighted area, and that is an easement with 1135-1137 property. That will allow for using it during construction. This is a must-see site for any well-resourced team seeking maximum return in the robust Boston market. Selling lot as is.
Lot Description:
Gentle Sloping, Curbs & Gutters, Storm Drains, Sidewalks
View Description:
Scenic View(s)
Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Private School, Public School, T-Station, Sidewalks
1139 Hyde Park Ave, Boston, (Hyde Park), MA, 02136
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
