FCREF 3200 Washington LLC Acquires Multifamily Asset From 3200 Washington LLC For $37.8M

The property involved in the transaction is a multifamily asset located at 3200 Washington Street, Jamaica Plain, MA. The sale price for the 73-unit apartment community, which is LEED Gold certified, was $37,800,000. The property features retail tenants and several amenities, including a roof deck, lounge, and gym, and was built in 2019.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $37,800,000
• Address: 3200 Washington Street
• Market: Jamaica Plain, MA
• Units: 73
• Price Per Unit: $517,808
• Buyer: FCREF 3200 Washington, LLC
• Seller: 3200 Washington, LLC
• Broker: John McLaughlin, Simon Butler, Biria St. John & Brian Bowler - CBRE

CBRE facilitated the sale of the property on behalf of the seller, Berkeley Investments. The transaction showcases the involvement of multiple brokers in managing the deal, effectively connecting the buyer and seller in this multifamily asset transaction.