Real Estate Dimensions Acquires 66-Unit Multifamily Property In Baltimore For $5.95M

The transaction involved a multifamily property located at 2905 North Charles Street, Baltimore, MD, with a sale price of $5,950,000. This asset comprises 66 units, resulting in a price per unit of $90,152. The property, known as The Baltimorean, was built in 1927 and features small-format units along with on-site amenities. The sale marks a significant event, as it is the first trade for Real Estate Dimensions since 1994.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,950,000
• Address: 2905 North Charles Street
• Market: Baltimore, MD
• Units: 66
• Price Per Unit: $90,152
• Buyer: Real Estate Dimensions
• Seller: 2905 N. Charles Street LLC
• Broker Representatives: Anthony Pino, Jamie Grant, Wallace Halpert & Ari Azarbarzin - NorthMarq

NorthMarq facilitated the arrangement of the $5.95M sale, representing the seller 2905 N. Charles Street LLC in this transaction. The acquisition was significant for Real Estate Dimensions and highlights their entry back into the market after a long hiatus.