Crest City Capital Acquires MultiFamily Property On Chestnut Street In Boston For $8.9M

The recently sold property located at 46 Chestnut Street in Boston, MA is a MultiFamily asset. The transaction took place on 09/01/2023, with William Natoli from Compass serving as the broker representing the seller, Susan Bianchi. The property was purchased by Crest City Capital for a total sale price of $8,900,000. It consists of 5 units, with a price per unit (PPU) of $1,780,000. The total square footage of the property is 8,885, resulting in a price per square foot (PPSF) of $1,002.

Summary of Transation Details

• Property Type: MultiFamily
• Transaction Amount: $8,900,000
• Units: 5
• Price per Unit (PPU): $1,780,000
• Square Footage (SF): 8,885
• Price per Square Foot (PPSF): $1,002

Crest City Capital was the buyer in this transaction, while Susan Bianchi served as the seller. William Natoli, representing Compass, acted as the broker in the deal. The purchase of this MultiFamily property showcases the investment interests of Crest City Capital and the successful negotiation skills of William Natoli in facilitating the transaction.