News: Front Section
Posted: June 17, 2022
Boston City Group, Inc’s Ligotti, Redeker, and McGranaghan broker $2.19 million sale
Brookline, MA 31-31A Harvard St., a 4,398 s/f mixed-use building was sold by Boston City Group, Inc’s Caroline Ligotti, Linda Redeker and Emily McGranaghan who marketed the property, exclusively represented the seller, and procured the buyer. The sale price was $2.19 million.
Boston City Group ran a full and cooperative marketing process for the property, taking over 50 groups from several regions through the building, and receiving multiple offers. The property closed at $240,000 over the original asking price.
The three-story brick building was constructed in the late 1800’s and is comprised of a first floor commercial unit and two three-bedroom floor-thru units above. It was sold vacant and primed for rehab.
Situated in historic Brookline Village, the building is within five minutes walking distance to the Brookline Village MBTA Greenline Station.
The building also sits in an “Eds and Meds” epicenter within immediate proximity of over seven colleges and universities, and the Longwood Medical Area with multiple world-renowned hospitals and distinguished research facilities near by.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Quick Hits
.png)
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
