Cawley and Braun of United Multi Family complete $2.45 million sale
United Multi Family (UMF) brokered the sale of a 37-unit mixed use apartment building at 534 Lincoln St. for $2.45 million ($66,216 per unit). The sale was handled by Richard Cawley and Jason Braun of UMF.
The brick residences are comprised of 10 three-bedroom, six two-bedroom, 18 one-bedroom apartments with three commercial units at street level in a five story elevator brick building built in 1930.
According to the owner the property was gut rehabbed in the 1980's, and has off-street parking and an on-site laundry facility.
Since its inception in 1998, UMF has sold over 500 multi-family properties.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary