Private Placement

486 Beacon Street 8 & 9 LLC Private Placement, offered the opportunity to invest in the acquisition, redevelopment, expansion and resale of this exclusive condominium. Upon completion, 486 offered an opportunity to buy an exceptional, luxury residence for $2.4MM. 486 Beacon Street is located in Boston’s Back Bay in the 400 block of Beacon Street; one of Boston’s most exclusive and sought after residential neighborhoods. 486 Beacon is ideally located within walking distance of shopping and dining on Newbury and Boylston Streets, the Massachusetts Avenue Bridge, the Hynes Convention Center, T-Station, and the Charles River Esplanade. In addition, the unit has an exclusive, on site parking space. Parking spaces in the area are in short supply, expensive and highly sought after. 

 Designed by Stephen Martyak of Studiotyak, this beautifully renovated and expanded split-level 3 bed 2.5 bath penthouse unit located on the Northeast corner of Beacon St. and Mass Ave. with views of Boston, the Charles River, and Cambridge blends modern upgrades with historic appeal. 

The open concept kitchen / living room / dining room and bath layout on the unit’s lower level takes full advantage of the obscured views of the Charles River, Mass Ave Bridge, M.I.T. and Harvard. The kitchen features solid wood  high quality Kraftmaid Vantage cabinets, stainless steel top of the line Jennair appliances, white quartz counter-tops, and expansive waterfall center island. The unit’s upper level is comprised of 3 bedrooms and 2 full bathrooms, including the sprawling private master suite. The master suite showcases a large walk-in closet with skylight and three sets of double French doors leading to the private deck overlooking Beacon Street and Back Bay. The master bath is loaded with modern touches including a massive double vanity, door-less wet area with flush mounted rain shower-head, dual body jets, a floating bench and freestanding tub. The laundry includes both Maytag washer and dryer. 

The unit also features a private roof deck with 360° views, directly accessible via the unit’s internal staircase. Additional features include custom built-in shelving and storage units, 6” crown molding, 4” quarter-swan white oak and tile flooring, 2” Zaniboni recessed lighting on dimmer controls, new wood framed double-pane thermal windows, heated floors in both full bathrooms, 5” marine-grade teak decking, a 9' x 6' skylight in the stairwell, and complete wiring for smart home features.   

“We are pretty experienced purchasing and managing real estate and wanted to broaden our experience in the rehab space. George and his team were very diligent in targeting the proper property and then went to work.  Establishing a clear path for the process that included Financial Modeling, Equity Raise, Financing, Approvals, Permitting and Construction. Everything was backed up with factual comps throughout as well as clear and timely communication."
 

"Years of experience along with a strong understanding of current market conditions helped provide a very successful exit.  We would be happy to work with George, Kramer and the rest of their team again.” 

 “It has been a true pleasure to invest with George and Kramer; they were punctual, helpful, and polite to a fault. My investment with them has yielded substantial returns, and I look forward to doing business with them in the future.”