Foreclosure Sale of Real Estate

40 Mount Hood Road

Brighton, Massachusetts

INVESTMENT/DEVELOPMENT OPPORTUNITY

   

Fee-simple interest in the former Hotel Boston, centrally located in Boston, MA.  Building is offered unencumbered of brand, debt, and management. 

 

• Lot Size (Acres): 1.73
• Building Size (Sq. Ft.): 55,000
• Zoning: Historic District: Multifamily Residential 1 (MFR-1) Aberdeen Architectural Conservation District
• Year Built: 1953, 1963
• Renovated: 2004
• Current configuration: 68 guestrooms, 6 king suites, 93 parking spaces.
• Kitchen and dining room
• Large Project Review complete and zoning relief approved to redevelop site with 164,340 square-foot, six-story residential building with 145 condominiumunits (of which 24 must be inclusionary affordable housing) and 206 off-street parking spaces. Per private agreements, abutters would have the use of 59 parking spaces.

 

Detailed Description:

Ideally located along one of Boston’s most historic streets, Commonwealth Avenue, 40 Mount Hood is conveniently situated near various dining and shopping destinations and other local area amenities such as the Chestnut Hill Reservoir and Cleveland Circle.  Only a fifteen-minute drive from Harvard University and Fenway Park, 1.6 miles from Boston University and 3.2 miles from Northeastern University.  Golfing, hiking, shopping, and much more in the immediate area.  An excellent opportunity to renovate or build brand new construction to take advantage of a highly trafficked and desirable area.

Tax Information:

40 Mount Hood

2022 Total Assessed Value $5,661,225.00

2022 Taxes $144,285.00

6 Egremont Road

2023 Total Assessed Value $4,868,819.00

 

Terms of Sale: A deposit of $1,000,000.00 is required by certified check or bank cashiers check at the time of sale. Deposit must be increased to 10% of purchase price within five (5) business days of sale.  The balance is due by wire transfer, certified check or bank cashier’s check.  Closing on the property must be within thirty (30) days of the date of sale.  Other terms to be announced at the time of sale.

 

Sale per order of Peter Royer of Halloran & Sage, attorney for Mortgagee

PLEASE CONTACT GARY KATZ
CAPITAL RECOVERY GROUP, LLC
DIRECT DIAL: 860-840-2220