NHP Foundation Acquires Multifamily Property On Cheney Street In Boston For $56.2M

Located at 68 Cheney Street in Boston, MA, this multifamily property has recently been sold. The sale was finalized on November 16, 2020, and the transaction was valued at $56,200,000. The property consists of 217 units, resulting in a price per unit of $258,986.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $56,200,000
• Date: 11/16/2020
• Address: 68 Cheney Street
• Market: Boston, MA
• Buyer: NHP Foundation – Mecky Adnani
• Units: 217
• Price Per Unit: $258,986

The buyer of the property is the NHP Foundation, represented by Mecky Adnani. They successfully acquired this multifamily asset, further expanding their real estate portfolio. This transaction marks a significant investment opportunity in the Boston market.