Paul E. Saperstein Co. to auction a major redevelopment site May 25

May 20, 2016 - Front Section
Possible rendering of 5 Washington Street - Brookline, MA Possible rendering of 5 Washington Street - Brookline, MA

Brookline, MA The Paul E. Saperstein Co., Inc. is conducting an auction of a major redevelopment site at 3-5 Washington St. and 165 Corey Rd. on May 25, at 11:00 a.m. The property is on the Brighton/Brookline line. The project site is a 44,509 s/f parcel currently occupied by office building, gas station and 60 surface parking spaces (including Zipcar and Enterprise Car Share). The property is made up of 5 total parcels. Development options include multi-unit apartment building, condos & retail. Project already under Boston Redevelopment Authority (BRA) review for 6 stories and retail. Interested pharmacy looking for 12,000 s/f space. Excellent opportunity for development in desirable neighborhood and located directly across from Whole Foods Market. The property is in a transit oriented location in the middle of the B and C lines, with land in both Brighton & Brookline. Please contact Samantha Saperstein at ssaperstein@pesco.com for further details or visit www.pesco.com for information package

Terms of Sale: Terms: A deposit of $500,000 by certified or bank check required at the time and place of sale, ans increase of deposit to 10% of total purchase price within two calendar days of sale and balance within 45 days. 1% Buyer’s Premium. Property sold AS IS and with no contingencies. Neither auctioneer nor seller nor attorney make any representations as to the accuracy of the information contained herein. All other terms announced at sale.

The Paul E. Saperstein Co., Inc. is a full service auction and appraisal firm that has been providing one stop services since 1963. They are committed to delivering the highest quality real estate auctions, personal property auctions and appraisal services to banks, mortgage companies, attorneys, corporations, condominium associations, insurance carriers, trusts, courts, local city and town governments, state and federal agencies and individuals.

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