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NAI Hunneman’s Capital Markets Group Brokers $13.335 Million Multifamily Sale

09/09/2015

NAI Hunneman’s Capital Markets Group Brokers $13.335 Million Multifamily Sale

 Tito & Barroso Represent Seller & Procure buyer in the Sale of 41-units in Davis Square

BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $13.335 Million sale of a 41-unit multifamily property located at 119 College Ave in  the Davis Square neighborhood of Somerville, MA.

Executive Vice President/Principal Robert Tito, assisted by Sales Associate Gina Barroso represented the seller Powderhouse Realty Corp. and procured the buyer Sandtail LLC.

“It’s rare to find a value opportunity like this in such a sought after multifamily market like Somerville”, said Tito. “119 College Ave is a legacy asset, owned by the same family for over 50 years. The property was meticulously maintained and has tremendous upside making it a real win for the new owners who were looking to strengthen their local portfolio.”

Located in walking distance to Powderhouse & Davis Square in Somerville along with easy access to both highways and public transportation, 119 College Ave is a 4-story brick, garden style apartment building. Originally constructed in 1927, and well maintained by the same ownership for 50-years, the building offers a total of 41 units consisting of eleven studios, twenty-three (23) one-bedroom, and seven (7) two-bedroom units.

About NAI Hunneman:

Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network please visit www.naihunneman.com

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09/16/2015 - 22:00

Source

NAI Global

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