News: Front Section
Posted: April 14, 2011
Christie and McGee of NAI Hunneman broker $2.125 million sale
NAI Hunneman has brokered the sale of a 10-unit, 3-story apartment building for $2.125 million. NAI Hunneman's Carl Christie, executive vice president, and Dan McGee, financial analyst and sales associate, represented the seller, 1748 Beacon Street Realty Trust, and procured the buyer, Chlo Pho Realty, LLC.
Located at 1748 Beacon St., the brick and wood frame building is located on a 5,376 s/f lot and contains six studios, three one-bedroom units and one two-bedroom unit. The building was built in 1900.
"It's rare to come across such rental properties in Brookline," said Christie. "We're very pleased to have completed this transaction on behalf of our client and receive an offer very close to the asking price. There is tremendous appetite among investors for rightly-priced and well-located apartment buildings across eastern Mass."
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