Marcus & Millichap Inc.
11/20/2024 | Press release | Distributed by Public on 11/20/2024 16:56
Marcus & Millichap Arranges $4.6 Million Sale of Multifamily Property in Boston
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Marcus & Millichap Arranges $4.6 Million Sale of Multifamily Property in Boston
November 20, 2024
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BOSTON, Nov. 20, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a six-unit multifamily property in Brighton, Massachusetts, for $4,595,000.
"This recently renovated multifamily property features modern finishes, including sleek kitchens with stainless steel appliances, luxurious bathrooms, hardwood floors, and in-unit laundry, offering the potential for higher rental income, increased cash flow, and reduced maintenance costs in a high-demand market," said Tony Pepdjonovic, senior vice president investments. "Located just a five-minute walk from the MBTA Green Line, this multifamily property in Brighton, MA, is ideal for renters, offering a blend of suburban living and easy access to Boston's vibrant amenities," added Evan Griffith, senior vice president investments.
Griffith and Pepdjonovic exclusively marketed the property on behalf of the seller and procured the buyer, a private investor.
The multifamily property, located at 14 Mt. Hood Road, was built in 1910 and recently renovated in 2022. It includes a mix of one, two, three, and four-bedroom apartments with modern finishes, in-unit laundry, and off-street parking spaces. Just 4.8 miles from downtown Boston, the property provides easy access to public transit, with the Washington Street station only 0.2 miles away, and is near Boston University and Boston College.
"This recently renovated multifamily property features modern finishes, including sleek kitchens with stainless steel appliances, luxurious bathrooms, hardwood floors, and in-unit laundry, offering the potential for higher rental income, increased cash flow, and reduced maintenance costs in a high-demand market," said Tony Pepdjonovic, senior vice president investments. "Located just a five-minute walk from the MBTA Green Line, this multifamily property in Brighton, MA, is ideal for renters, offering a blend of suburban living and easy access to Boston's vibrant amenities," added Evan Griffith, senior vice president investments.
Griffith and Pepdjonovic exclusively marketed the property on behalf of the seller and procured the buyer, a private investor.
The multifamily property, located at 14 Mt. Hood Road, was built in 1910 and recently renovated in 2022. It includes a mix of one, two, three, and four-bedroom apartments with modern finishes, in-unit laundry, and off-street parking spaces. Just 4.8 miles from downtown Boston, the property provides easy access to public transit, with the Washington Street station only 0.2 miles away, and is near Boston University and Boston College.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.