Marcus & Millichap Brokers $16.5M Sale Of Rose Garden Apartments In Framingham

Located at 258 Union Avenue in Framingham, MA, the Rose Garden Apartments is a multifamily asset comprising 72 units. The property was recently sold for $16.5 million, translating to a per unit price of $229,167. The sale was facilitated by brokers Evan Griffith, Jeremy Buckley, and Tony Pepdjonovic of Marcus & Millichap.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 72
• Price Per Unit: $229,167
• Address: 258 Union Avenue
• Market: Framingham, MA

Evan Griffith, one of the brokers involved in the transaction, highlighted the appeal of the area due to its suburban charm, close proximity to Boston, and a vibrant retail landscape. The sale of the Rose Garden Apartments further underscores the desirability of the location and the investment opportunities it presents in the multifamily real estate market.