Northeast Private Client Group Sells Multifamily Portfolio in Northampton, MA for $1.045 Million
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily portfolio.–
Newton, MA (August 4, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Northampton Multifamily Portfolio, a two building portfolio located at 2 Belanger Place and 11 Munroe Street in Northampton, Massachusetts. Senior Associates, Taylor Perun and Tim McGeary, represented the seller and procured the buyer in the $1,045,000 transaction.
Northampton Multifamily Portfolio is a portfolio comprised of two 6-unit buildings. A local seller sold the property to a Northampton based investor for a price that equates to $87,083 per unit and a cap rate of 7.20 percent.
About Northeast Private Client Group
Northeast Private Client Group is a leading mid-market investment sales firm and has been named as one of the Inc5000 Fastest-Growing Private Companies in the US. With offices in New York, Connecticut, and Massachusetts, we provide unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to our individual clients’ needs. We have a proven track record of matching our clients with qualified buyers of multifamily and commercial properties in the submarkets we serve. Over the past ten years, our team has closed transactions with a total value over $1.5 billion.Our collaborative and research-driven solutions are tailored to meet the individual needs of investors and property owners across the Northeast who are looking to buy, sell or exchange mid-market properties, including mixed-use, multifamily, retail and office assets.
To learn more, visit: www.northeastpcg.com.