Cranebrook Crossing, LLC Acquires Multifamily Property In Danvers, MA For $11.9M

A multifamily property located at 9 Dyer Court in Danvers, MA has been sold for a total price of $11,882,500. The property, known as Crane Brook Gardens, is comprised of 70 units with a total square footage of 55,848. The sale price per square foot is $213, and the price per unit is $169,750.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,882,500
• Address: 9 Dyer Court, Danvers, MA
• Market: Danvers, MA
• Seller: Crane Brook Gardens Realty Trust
• Buyer: Cranebrook Crossing, LLC
• Broker: Nicholas Zolotas - Herrick Lutts Realty Partners

Nicholas Zolotas from Herrick Lutts Realty Partners represented both the seller, Crane Brook Gardens Realty Trust, and the buyer, Cranebrook Crossing, LLC, in this transaction.