Metropolitan Properties Inc Acquires Tewksbury Multifamily For $39M

The multifamily property located at 100 Donny Martel Way in Tewksbury, MA has been sold for a total of $39,000,000. The transaction took place on November 15, 2021. The property consists of 96 units, resulting in a per-unit price of $406,250. The sale was facilitated by Metropolitan Properties Inc, represented by Jeffrey Cohen, as the buyer. A&M Land Corp acted as the seller in this transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Units: 96
• Price Per Unit: $406,250
• Buyer: Metropolitan Properties Inc - Jeffrey Cohen
• Seller: A&M Land Corp

Jeffrey Cohen of Metropolitan Properties Inc played a key role as the buyer's representative in the sale of this multifamily property in Tewksbury, MA. The deal signifies a significant transaction in the local market and highlights the continued demand for multifamily assets.