4-Unit Brookline Apartment Building Sells for $218 PSF
Posted March 23, 2011
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A 6,084 square foot, 4-unit apartment property in Washington Square has sold to 8 Colbourne, LLC.
8 Colbourne Crescent is a brick, Brookline, Mass. building that consists of (4) two-bedroom apartments and two parking spaces. The property, located at the intersection of Winthrop Street and Colbourne Crescent, sold for $1.33 million, or $218 per square foot.
Chris Sower closed the sale in his first few weeks as BRA's new Managing Director & Partner of BRA's multi-housing and apartment brokerage.
SEE: Sower Joins Boston Realty Advisors as Managing Director, Partner (03/15/11)
"This apartment building sale represents the first in a series of multi-housing buildings that Boston Realty Advisors will be representing over the coming months," said Jason Weissman, Boston Realty Advisors' CEO & Founder.
"The multi-housing sales market looks strong for this year and will show a growing amount of investment sales transactions, as property owners continue to see an increase in activity and demand," said Chris Sower, Managing Director & Partner of BRA's multi-housing and apartment brokerage.
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