SMG Real Estate Acquires Shawomet Gardens Multifamily In Somerset For $35.6M

The asset involved in this transaction is a multifamily property located at 102 Shawomet Avenue in Somerset, MA. The sale price of the property was $35,600,000 for a total of 240 units, resulting in a per unit price of $148,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,600,000
• Units: 240
• Price Per Unit: $148,333
• Buyer: SMG Real Estate
• Broker: Kevin Benzinger - Boston Realty Advisors
• Date of Sale: 10/09/2024
• Market: Somerset, MA

Kevin Benzinger from Boston Realty Advisors represented the seller in this transaction, effectively facilitating the sale of Shawomet Gardens, a 240-unit garden-style apartment community, to the buyer, SMG Real Estate.