Rhino Capital Advisors Acquires Multifamily Property In Newton, MA For $29.5M

A multifamily property located at 83-87 Farwell St in Newton, MA has been sold. The transaction took place on 12/20/2022 and the property was purchased by Rhino Capital Advisors from Albemarle Realty Corp. The sale was facilitated by Garry Holmes from R.W. Holmes. The property consists of 112 units, with a sale price of $29,550,000. The price per unit is calculated to be $263,839.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $29,550,000
• Date: 12/20/2022
• Address: 83-87 Farwell St, Newton, MA
• Buyer: Rhino Capital Advisors
• Seller: Albemarle Realty Corp
• Broker: Garry Holmes - R.W. Holmes
• Units: 112
• Price per Unit (PPU): $263,839

Garry Holmes from R.W. Holmes played a key role as the representative for Rhino Capital Advisors in this transaction, ensuring the successful completion of the deal.