East Boston Community Development Corporation Acquires Multifamily Portfolio In Greater East Boston For $47M | JLL brokers multifamily portfolio deal for $47,000,000 in Greater East Boston | James Burr, Jackie Meagher, Madeline Joyce | MultiFamily | Sale

Summary

Sale

MASSACHUSETTS

MultiFamily

The East Boston Community Development Corporation has acquired a multifamily portfolio in Greater East Boston. The property, consisting of 114 units, was sold by Grossman Companies and Hodara Real Estate Group. The sale was facilitated by the brokers Kellie Coveney, Jacqueline Meagher, Madeline Joyce, and James Burr from JLL. The transaction took place on 10/11/2022.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $47,000,000
Address: Multifamily Portfolio
Market: Greater East Boston

The East Boston Community Development Corporation successfully closed the deal to acquire this multifamily portfolio. The brokers from JLL played a crucial role in facilitating the transaction between the buyer and sellers, Grossman Companies and Hodara Real Estate Group.

Players

All
4

Agents
3
Agencies
1

$47M Sold

$131.4M Sold

$47M Sold

Details

Deal Summary

SOLD

IMAGE: Kellie Coveney, Jacqueline Meagher, Madeline Joyce & James Burr DATE: 10/11/2022 ADDRESS: Multifamily Portfolio MARKET: Greater East Boston ASSET TYPE: Multifamily BUYER: East Boston Community Development Corporation SELLER: Grossman Companies & Hodara Real Estate Group BROKERS: Kellie Coveney, Jacqueline Meagher, Madeline Joyce & James Burr - JLL (@JLL) SALE PRICE: $47,000,000 UNITS: 114 ~ PPU: $412,281

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AddressJLL brokers multifamily portfolio deal for $47,000,000 in Greater East Boston

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