Capstone Communities, Hope Real Estate Enterprises, And MPZ Development Acquire Multifamily Properties For $18.25M
Massachusetts
See Similar DealsCapstone 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 DealsSummary
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want