Plumbrook Capital Acquires Mixed-Use Building From Laura Veo In Boston For $17.03M

A mixed-use property located at 139-145 Richmond Street in Boston, MA was sold for $17,025,000. The asset comprises 17 units, with a price per unit of $1,001,470. The total square footage stands at 24,114 with a price per square foot of $706.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,025,000
• Buyer: Plumbrook Capital
• Seller: Laura Veo
• Buyer's Representative: Craig Brody - Douglas Elliman
• Seller's Representative: Giancarlo Tiberi - Core Property Group
• Units: 17
• Price per Unit: $1,001,470
• Square Footage: 24,114
• Price per Square Foot: $706

The transaction was noted as a record-breaking sale in the North End, marking the largest of its kind in the neighborhood's history. The deal was brokered by Giancarlo Tiberi and Craig Brody, which signifies a defining milestone for both firms and their respective representatives, showcasing their persistence and local knowledge.