Neighborhood Development Corporation Acquires Senior Housing In South Boston For $3.5M
207 E Street
Senior Housing
Sold 23 days ago
Summary
Located at 207 E Street in South Boston, the property has been acquired by Adrian Washington's Neighborhood Development Corporation for $3.5 million. The asset, to be transformed into McDevitt Senior Homes, will comprise of 35 affordable apartments for very low-income seniors along with a manager's unit.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $3,500,000
- Buyer: Adrian Washington - Neighborhood Development Corporation
- Market: South Boston, MA
- Address: 207 E Street
The deal involves Adrian Washington as the buyer representing the Neighborhood Development Corporation. The property is set to undergo a significant transformation to provide much-needed affordable housing options for very low-income seniors within South Boston.
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207 E Street
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