The multi-family property located at 173 Commonwealth Avenue in Boston, MA has been sold for a price of $14,500,000. This blue chip property and its prime location have traded hands for the first time in 53 years. The property consists of 8 units, with an average price per unit of $1,812,500. The total square footage of the property is 11,943, resulting in a price per square foot of $1,214.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Number of Units: 8
• Price per Unit: $1,812,500
• Total Square Footage: 11,943
• Price per Square Foot: $1,214
• Address: 173 Commonwealth Avenue, Boston, MA

The sale of this property was facilitated by Crystal M. Roach of The Roach & Sherman Team at Compass. She represented the seller in this transaction. It is notable that this property and its prime location have remained in the same ownership for over five decades, making this sale a significant milestone in the real estate market.