News: Front Section

Griffith Pepdjonovic Group of Marcus & Millichap brokers $2.475 million mixed-use sale

Boston, MA Marcus & Millichap has completed the sale of a seven-unit mixed-use property for $2.475 million.

“Sitting just steps away from the State House, this turnkey generational asset consists of six fully renovated apartments with a long-term retail tenant. Despite rising interest rates, investors are still very actively looking to acquire truly unique urban core properties,” said Evan Griffith, senior vice president investments.

 Griffith and Tony Pepdjonovic of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer. 

 “Located in the heart of Beacon Hill, this property is a walker’s paradise with all that Boston has to offer with close proximity to Suffolk University, City Hall Plaza, Government Center and MGH,” said Pepdjonovic, senior vice president investments.

 Built in 1899, the multifamily property is located at 12 Derne St., in the Beacon Hill neighborhood of the city. The newly renovated three-story property comprises seven total units: six studio apartments and one commercial unit, currently a laundromat. The property is centrally located, with many points of interest including Boston Common, Downtown Crossing, and TD Garden all within a ten-minute walk.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in