Navy Yard 33

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Navy Yard 33 in Charlestown, Massachusetts. This 47-unit, loft-style apartment building is ideally located along Charlestown’s waterfront. Built at the turn of the 20th century, the building has since been masterfully renovated and modernized while still maintaining many of the building’s original features.

The building is comprised of forty–seven (47) units, offering residents a variety of one- and two-bedroom floor plans from which to choose. The building was constructed in 1900 and renovated in 2008. The unit mix includes 18 (38%) junior one-bedroom apartments, 13 (28%) one-bedroom flats, 1 (2%) one-bedroom duplex apartment, 6 (13%) two-bedroom apartments and 9 (19%) two-bedroom duplex apartments.

While the property has been exceptionally well maintained, there is significant potential for selective upgrades such as improved bathroom and kitchen lighting, smart thermostats, and modern fixtures.

Situated on Third Avenue, Navy Yard 33 consists of a single 3 ½ story granite block building, ideally set on the Charlestown Navy Yard’s picturesque waterfront. Located just north of Downtown Boston, the Charlestown Navy Yard has a rich history dating back to the 1800’s and is known as one of the oldest shipbuilding facilities in the United States which played an instrumental role in the building and repair of countless naval vessels until its closing in 1975. Today, Charlestown and the Navy Yard represent one of Boston’s most desirable mixed-use neighborhoods offering residents and employees a myriad of dining, retail and entertainment options.

Process & Pricing

Navy Yard 33 is available on an “as-is” basis and is being offered without a formal asking price. Qualified investors should sign the Confidentiality Agreement to receive the Offering Memorandum and access to the due diligence materials available in the C&W document center. Once investors have had the opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.