Neighborhood Development Corporation Acquires Senior Housing In South Boston For $3.5M

Located at 207 E Street in South Boston, the property has been acquired by Adrian Washington's Neighborhood Development Corporation for $3.5 million. The asset, to be transformed into McDevitt Senior Homes, will comprise of 35 affordable apartments for very low-income seniors along with a manager's unit.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $3,500,000
• Buyer: Adrian Washington - Neighborhood Development Corporation
• Market: South Boston, MA
• Address: 207 E Street

The deal involves Adrian Washington as the buyer representing the Neighborhood Development Corporation. The property is set to undergo a significant transformation to provide much-needed affordable housing options for very low-income seniors within South Boston.