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

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:

• Property Type: Multifamily
• Transaction Amount: $18,250,000
• Buyer: Capstone Communities, Hope Real Estate Enterprises and MPZ Development
• Seller: Farrington Family
• Brokers: Christopher Sower, Bruce Lusa, John Flaherty, Jonathan Bryant, Kevin Jones, Mary VanNatta & Julie Regan - Cushman & Wakefield
• Units: 24
• Square Footage: 42,139
• Price Per Unit: $760,416
• Price Per Square Foot: $433
• Market: Cambridge, MA

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.