A pair of contiguous brownstones located at 125-127 Commonwealth Avenue in Boston, MA, has been sold for $21 million. The total area of the property exceeds 16,500 square feet, translating to a price per square foot of $1,273. The asset features Gilded Age detailing and has 50 feet of frontage on Commonwealth Avenue. Currently licensed as a college dormitory, it presents significant development potential within Boston’s Back Bay market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Square Footage: 16,500
• Price Per Square Foot: $1,273
• Address: 125-127 Commonwealth Avenue
• Market: Boston, MA
• Buyer's Representative: Tracy Campion - Campion & Company
• Seller's Representative: Paul Gleason - Fairfield Realty

This transaction highlights the involvement of Tracy Campion, who represented the buyer, and Paul Gleason, who represented the seller, emphasizing their roles as key brokers in this significant deal in the Boston real estate market.