823 East 6th Street aka 149 P Street

Investment Overview

Newmark Private Capital Group presents the opportunity to acquire the fee simple interest in a fully leased, 4,781 SF restaurant condominium at 149 P Street (aka 823 East 6th Street) in South Boston's City Point neighborhood. Home to Local 149 — a long-running, well-regarded full-service restaurant and bar operated by The Neighborhood Restaurant Group — the property offers investors a substantially triple-net income stream with minimal landlord obligations in one of Boston's most resilient and high-income dining corridors.

Investment Highlights

• Substantially NNN: tenant pays RE taxes, insurance, utilities & interior maintenance
• 15+ years of continuous occupancy by same tenant since 2010
• Two-level unit: ~2,400 SF first floor + ~2,381 SF basement
• Full-service restaurant & bar with active liquor license
• 1 deeded parking space (Space #4)