Alex Hajibay's Heritage Affordable Communities Acquires Multifamily Property For $8.25M On Hughes Avenue In Tremont

The multifamily property located at 2120 Hughes Avenue in Tremont was recently sold for $8,250,000. The transaction took place on August 26, 2021. The property is situated in an R7-1 zoning area and spans 59,587 square feet. With a price per square foot of $138, the property offers 63 residential units, resulting in a price per unit of $130,952.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,250,000
• Address: 2120 Hughes Avenue
• Market: Tremont
• Zoning: R7-1

Alex Hajibay of Heritage Affordable Communities acted as the buyer in this deal. On the other side, MacQuesten Properties served as the seller in the transaction.