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Capstone Communities, Hope Real Estate Enterprises, And MPZ Development Acquire Multifamily Properties For $18.25M

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SOLD
$18,250,000
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily252,834 SF
Sold 12/13/2024
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Property Image
SOLD

Capstone Communities, Hope Real Estate Enterprises, And MPZ Development Acquire Multifamily Properties For $18.25M

20 Roseland Street, 22 Roseland Street, 28 Roseland Street, 1 Frost Street, 3 Frost Street & 5 Frost Street

See Similar Deals
MultiFamily252,834 SF
Sold 12/13/2024
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:252,834 SF
Transaction Type:Sale

The transaction involves several multifamily properties located at 20 Roseland Street, 22 Roseland Street, 28 Roseland Street, 1 Frost Street, 3 Frost Street, and 5 Frost Street in Cambridge, MA. The total sale price of the properties was $18,250,000, comprising a total of 24 units and an aggregate square footage of 42,139. The price per unit was $760,416, while the price per square foot amounted to $433.

Summary of transaction details:

The deal was facilitated by a group of brokers from Cushman & Wakefield, consisting of six representatives: Christopher Sower, Bruce Lusa, John Flaherty, Jonathan Bryant, Kevin Jones, Mary VanNatta, and Julie Regan. They played a vital role in connecting the buyer group, which includes Capstone Communities, Hope Real Estate Enterprises, and MPZ Development, with the seller, the Farrington Family.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Details

SOLD
IMAGE: Christopher Sower, Bruce Lusa, John Flaherty, Jonathan Bryant, Kevin Jones, Mary VanNatta & Julie Regan DATE: 12/13/2024 ADDRESS: 20 Roseland Street, 22 Roseland Street, 28 Roseland Street, 1 Frost Street, 3 Frost Street & 5 Frost Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER: Capstone Communities, Hope Real Estate Enterprises and MPZ Development SELLER: Farrington Family BROKERS: Christopher Sower (@CSower1), Bruce Lusa, John Flaherty (@J_Flaherty5), Jonathan Bryant (@Jay_Bry1__), Kevin Jones (@KmJones004), Mary VanNatta & Julie Regan - Cushman & Wakefield (@CushWake) SALE PRICE: $18,250,000 UNITS: 24 ~ PPU: $760,416 SF: 42,139 ~ PPSF: $433

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