178 North Street

North End

Charlesgate Realty Group has been exclusively retained to market 178 North Street in Boston’s historic North End neighborhood. The nine unit property has been family owned and occupied for multiple generations and is now available for sale for the first time since the 1940’s.

178 North Street provides a rare opportunity to own a premier North End asset. It is being offered on an unpriced basis with tours of the property available over the next few weeks to be followed by a call for offers from interested parties.

 
 
 
 
 
1
1

9

Units

9,054

Gross Sq. Ft

7,545

Living Sq. Feet

1,745

Lot Sq. Feet

Charlesgate Realty Group has been exclusively retained to market 178 North Street in Boston’s historic North End neighborhood. The nine unit property has been family owned and occupied for multiple generations and is now available for sale for the first time since the 1940’s.

At 9054 gross square feet, the property consists of eight residential units and one restaurant/retail unit on a 1745 square foot corner lot at the intersection of North Street and Richmond Street, just south of North Square one block from Hanover Street. The property has been very well maintained over the years including recent brick facade repointing and fire escape improvements, yet provides significant value add opportunity to upgrade unit interiors and/or reconfigure floor plans to substantially increase rents or sell as part of a condo conversion.

178 North Street provides a rare opportunity to own a premier North End asset. It is being offered on an unpriced basis with tours of the property available over the next few weeks to be followed by a call for offers from interested parties.

178 North Street is located in one of Boston’s most desirable historic neighborhoods, The North End. With residents settling here in the 1630’s, The North End is Boston’s oldest residential neighborhood and has since grown to be one of Boston’s premier downtown neighborhoods. The North End is now a wonderful enclave of historic Boston architecture with a vibrant community heritage including everything from street festivals, and performing art series, to some of the best restaurants Boston has to offer, with everything from small cafes to high end fine dining. The property itself is situated on the Freedom Trail immediately south of historic North Square and the Paul Revere House.

The North End, like many of Boston’s other premier downtown neighborhoods is experiencing extremely strong growth in demand for apartments for rent and condos for sale. Economic growth and demographic drivers are increasing the desirability of urban living leading to substantial population growth in Boston. Supply of apartments and condos have not been able to keep up with the surging demand for housing in Boston, especially in premier downtown neighborhoods like the North End.

There is the opportunity to significantly add value to 178 North Street by updating existing apartments and increasing rent substantially or with a full condo conversion. All units are currently below market rents and are tenant-at-will. With a corner building and 1600+- square foot floor plates, there is excellent flexibility to reconfigure unit layouts to maximize rentable or sellable space. An existing air/light shaft could provide a way to add an elevator with direct access to the units.

With immediate walking access to the Waterfront, the Financial District, and Government Center the location of 178 North Street is one of the most accessible in Boston and is an extremely convenient location for residents who work in downtown Boston. Boston City Hall, Post Office Square, and International Place are all within a 10 minute walk.

Public transit on the MBTA Green Line and Orange Line at Haymarket station is less than a 5 minute walk and Blue Line access at Aquarium station is a 7 minute walk. For car commuters, access by car to I93 for points north and south is minutes away and on to the Mass Turnpike for points west is within a . Logan airport is less than a 10 minute drive or only one subway stop from Aquarium Station on the Blue Line.

Within a 3 minute walk to both the Rose Kennedy Greenway and to Christopher Columbus Park on the Waterfront, 178 North has incredible access to some of Boston’s best cultural amenities. The brand new Boston Public Market providing locally sourced groceries and food is just a 5 minute walk and The New England Aquarium is just a 10 minute walk. Of course, Hanover Street, the main drag bisecting the North End, with its line up of restaurants, cafes and boutiques is just a block away.

All

Area Map + Amenities

Neighborhood: North End

Boston’s oldest neighborhood and the center of Italian culture in Boston is the North End. For the most part, the North End has managed to remain unchanged for years with no significant structural changes made. The narrow neighborhood streets are still lined with narrow brick apartment buildings and the area is void of any chain stores. Even though younger people are moving in, there are still a lot of families who have lived their whole lives there. Considered by many to be the safest area of the city, the North End is filled with both historic sites and incredible Italian restaurants, cafes, and espresso bars making it among the city’s most popular areas for visitors and Bostonians alike. Recently, efforts have been made to bring the life and vitality of the North End to its waterfont. Several restaurants have begun offering seaside dining, and many old warehouses have been converted to luxurious lofts and condos. The North End is a great place to take in the sights and sounds of the city.

Community Atmosphere

The historic North End is populated by a mixture of Italian Americans and young professionals who are attracted to the neighborhood’s cozy feel and easy access to downtown. Rusted iron fire escapes and striped green awnings hang above North End’s various Italian pastry shops, cafes, and fine-dining restaurants. Tourists come from all over to experience truly authentic Italian cuisine, enjoy a cannoli or a cappuccino – treasured North End treats, and explore its narrow streets.

Transportation

The MBTA Orange Line (State, Haymarket, North Station), Green Line (Government Center, Haymarket, North Station), Blue Line (Government Center, Aquarium) are within close proximity to the North End.

Contact Charlesgate

Michael DiMella

Michael DiMella

Managing Partner & Listing Agent

Phone: 857-383-3113
Email: [email protected]

    

A nationally recognized leader in the real estate industry. For his innovative real estate sales & marketing skills and strategic thinking, he was chosen to receive the prestigious 30 Under 30 Realtors in America award from Realtor Magazine. He is also frequently cited in local and national news publications, like The Boston Globe, The Wall Street Journal, Boston Magazine, and Banker & Tradesman for his insight and perspective on the Boston real estate market.

PT Vineburgh

PT Vineburgh

Founding Partner & Listing Agent

Phone: 617-921-9060
Email: [email protected]

P.T. has been in the real estate business since 1999. He was a top producing agent at 3 firms before founding Charlesgate Realty Group. He prides himself on his ability to establish and maintain client relationships and provide a creative service approach. P.T.’s primary roles at Charlesgate are to head business development and lead the residential brokerage and investment/development activities of the firm. P.T. is a member of the Greater Boston, Massachusetts, and National Association of Realtors, and has earned the ABR and CRS designations.

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Charlesgate Realty Group is an integrated Real Estate firm servicing the Greater Boston region. Founded in 2003 by PT Vineburgh and Michael DiMella, Charlesgate has grown into a dynamic team providing services for sales and leasing brokerage, property management, multifamily investment sales, and development consulting & on-site sales and marketing.

Charlesgate’s Multifamily division specializes in brokerage and asset management of investment grade properties valued from $1 million to $30 million. Together with the Property Management & Leasing divisions, the firm provides management & leasing services tied with strategic value add renovation guidance to outperform the market and drive property value and ROI.

CHARLESGATE REALTY GROUP | 867 Boylston Street Boston, MA 02116 | 617.587.0100 | charlesgaterealty.com