Rose Petal LLC Acquires Multifamily Property From Bay Street Estates LLC In Berlin For $7.8M

The sale of Bay Street Estates, a 56-unit multifamily property in Berlin, Maryland, was recently finalized for $7.8 million. The property is located at 509 Bay Street and was transacted between Rose Petal LLC and Bay Street Estates LLC.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Units: 56
• Price per Unit: $139,286
• Address: 509 Bay Street
• Market: Berlin, MD

The deal was facilitated by Altay Uzun, Brian Hosey, Jack Carroll, Justin Ferguson, and Theo Jolley, representing Marcus & Millichap in this transaction.