The Isabella Stewart Gardner Museum Acquires Multifamily Asset In Boston For $22.8 Million

The transaction involved the purchase of a multi-family property consisting of 62 units located at 14 Palace Road and 11 Tetlow Street in Boston, MA. The sale price was $22,800,000, resulting in a price per unit of $367,742. The property was acquired to prevent unwanted redevelopment in the area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $22,800,000
• Units: 62
• Price Per Unit: $367,742
• Buyer: The Isabella Stewart Gardner Museum
• Brokers: Brian Bowler, Biria St. John, Simon Butler & John McLaughlin - CBRE

The brokerage team representing the transaction included Brian Bowler, Biria St. John, Simon Butler, and John McLaughlin from CBRE. Their involvement facilitated the acquisition of this asset by the museum.