New Fenway Westland Llc Acquires Multifamily Property In Boston, MA For $15.2M

The multifamily property located at 59-61 Westland Ave, 65-67 Westland Ave, and 83 Westland Ave in Boston, MA has been sold in a recent transaction. The property consists of 7 units and spans a total of 22,869 square feet. The sale price for this transaction was recorded at $15,224,925, resulting in a price per square foot of $667. The buyer, New Fenway Westland Llc, acquired the property from the seller, Westland Ave Apt Lp.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,224,925
• Address: 59-61 Westland Ave, 65-67 Westland Ave, & 83 Westland Ave, Boston, MA
• Market: Boston, MA
• Units: 7
• Price per Unit: $2,174,989

This transaction represents a significant investment in the Boston multifamily market. New Fenway Westland Llc, as the buyer, has made a strategic move in acquiring this property. On the other hand, Westland Ave Apt Lp, as the seller, has successfully closed a deal in the Boston market. Both parties can benefit from the opportunities presented by the multifamily asset and the growing demand for housing in this area.