Northeast Private Client Group Sells Mixed-Use Property in East Boston for $1,465,000
– Leading mid-market investment sales firm represents seller and sources buyer for mixed-use East Boston property–
Newton, MA (March 1, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Bennington Street Mixed-Use located at 1020 Bennington Street in East Boston, MA. Drew Kirkland and Francis Saenz, senior associates for the firm, represented the seller and procured the buyer in the $1,465,000 transaction.
Bennington Street Mixed-Use is a 4,050 SF brick building consisting of four (4) one-bedroom units and storefront retail space located in the Harbor View/Orient Heights neighborhood of East Boston. Revere based seller, EB Ventures LLC, sold the property to a private East Boston based investor for a price that equates to $361.73 per square foot and a cap rate of 5.47 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, Rhode Island 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 $1.3 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.