Investment Overview
Four-story retail and boutique commercial building at 83 Newbury Street, built in 1899, totaling 5,700 square feet above grade plus a 1,900-square-foot lower level. The building is fully leased to three tenants — Zimmermann on the ground floor, Warby Parker on the second and third floors, and AER on Newbury on the fourth — with staggered lease expirations across 2028, 2031, and 2035, and elevator access to all floors. It sits on the second block of Newbury Street in Boston’s Back Bay, among some of the highest-performing retail frontage in the country. The offering gives a buyer in-place income from an established tenant mix with built-in rent escalations and lease rollover spread out over more than a decade.
Investment Highlights
- 4-story, 5,700 SF retail building (plus 1,900 SF lower level), built 1899, elevator-served
- Fully leased: Zimmermann (ground floor), Warby Parker (2nd & 3rd), AER on Newbury (4th)
- Staggered lease expirations — 2028, 2031, 2035
- Second block of Newbury Street, Back Bay
- Near Copley & Arlington T stops
- 98% retail occupancy on Newbury Street