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

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SOLD
$2,225,000

Massachusetts

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MultiFamily3,402 SF
Sold 11/09/2023
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SOLD

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

49 Gardner Street

See Similar Deals
MultiFamily3,402 SF
Sold 11/09/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$654
Total Square Footage:3,402 SF
Transaction Type:Sale

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.

Players

Matthew Petty
11 deals$20.7M volume
BROKER

Details

SOLD
IMAGE: Matthew Petty DATE: 11/09/2023 ADDRESS: 49 Gardner Street MARKET: Allston, MA ASSET TYPE: Multifamily BUYER: Addiction Treatment Center of New England (ATCNE) SELLER: 49 Clipper LLC - Matthew Petty & Sam Resnick BROKER: Matthew Petty - FRAME Residential (@FRAMEResidential) & Town Property Group ASKING PRICE: $2,225,000 SALE PRICE: $2,225,000 UNITS: 11 ~ PPU: $202,273 SF: 3,402 ~ PPSF: $654 NOTE FROM BROKER: FRAME Residential along with Town Property Group, have sold a very unique asset in Allston MA. An 11 Bedroom, Rooming House, in an off-market transaction to a non-profit organization.

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