Addiction Treatment Center Of New England Acquires Multifamily Property In Allston, MA For $2.2M

An 11-bedroom rooming house located at 49 Gardner Street in Allston, MA has been sold in an off-market transaction. The property, with a total area of 3,402 square feet, was purchased by Addiction Treatment Center of New England (ATCNE) from 49 Clipper LLC for a price of $2,225,000. The sale price translates to a per unit price of $202,273.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,225,000
• Address: 49 Gardner Street, Allston, MA
• Market: Allston, MA
• Buyer: Addiction Treatment Center of New England (ATCNE)
• Seller: 49 Clipper LLC - Matthew Petty & Sam Resnick
• Broker: Matthew Petty - FRAME Residential & Town Property Group
• Units: 11
• Price Per Unit: $202,273
• Total Area: 3,402 square feet
• Price Per Square Foot: $654

This off-market sale was facilitated by Matthew Petty from FRAME Residential and Town Property Group, representing both the buyer and seller. The transaction marked a unique opportunity for a non-profit organization like ATCNE to acquire this rooming house.