Crystal Hill Apartments

Lenox, Massachusetts, is a picturesque town nestled in the Berkshire Hills of western Massachusetts, just south of Pittsfield. Covering roughly 56 square kilometers, it is surrounded by rolling hills, river valleys, and the Housatonic River along its eastern edge. Originally home to the Mahican people, Lenox was settled by Europeans in 1750 and incorporated as a town in 1767. From 1784 to 1868, it served as the county seat of Berkshire County, but it rose to national prominence in the late 19th century as a Gilded Age summer retreat for wealthy families, who built grand estates such as Edith Wharton’s The Mount and J.P. Morgan’s sister’s Ventfort Hall. Today, Lenox remains a cultural hub, best known as the summer home of the Boston Symphony Orchestra at Tanglewood, which draws visitors from around the world for music festivals and performances. Beyond its cultural treasures, Lenox offers abundant outdoor recreation, including the 1,405-acre Pleasant Valley Wildlife Sanctuary with its miles of trails, ponds, and the climb to Lenox Mountain, as well as nearby October Mountain State Forest. The town’s population of about 5,100 enjoys a high quality of life, supported by strong schools, a vibrant arts scene, and a local economy driven by tourism, hospitality, and wellness industries. Lenox’s historic charm is preserved in its walkable village center, lined with shops, galleries, and restaurants. Conveniently located near the Massachusetts Turnpike and just a short drive from regional airports in Pittsfield, Albany, and Bradley, Lenox offers a rare blend of history, natural beauty, and cultural sophistication, making it a year-round destination for visitors seeking both relaxation and enrichment.Northeast Private Client Group is pleased to present 55 Crystal Street, a fully renovated 10-unit multifamily asset located in the Berkshire County village of Lenox Dale, Massachusetts. Originally constructed in 1930 and extensively updated in 2019, this two-story 11,608-square-foot low-rise apartment building offers a stabilized, turnkey investment opportunity with strong in-place operations. Situated on a 2.0-acre parcel, the property features 10 spacious one-bedroom units, each equipped with modern finishes including stainless steel appliances, dishwashers, and updated kitchens and baths. Tenants enjoy on-site laundry facilities, storage space, a picnic area, which enhances resident satisfaction and retention. The highest achieved rent for a one-bedroom unit is approximately $2,000, reflecting the property's upgraded condition and desirable location. The property benefits from its position within the Berkshires, where the current vacancy rate in Lenox is approximately 4.9 percent. Lenox Dale offers a quiet residential setting with proximity to cultural, recreational, and employment hubs. The property is less than 10 minutes from Lenox’s vibrant town center, approximately 20 minutes from Great Barrington, and 18 minutes from Pittsfield Amtrak Station, with convenient access to major commuter routes. An exciting opportunity exists to develop additional apartments behind the building, utilizing adjacent land with potential for further expansion and parking. This presents an attractive prospect for investors seeking long-term value appreciation and increased income potential.