News: Front Section
Posted: February 3, 2023
Ligotti, Redeker and McGranaghan of Boston City Group broker $2.445 million sale
Reading, MA The property at 25-27 Minot St. was sold on December 29th, 2022, for $2.445 million. The property is a 12-unit two building multifamily complex.
Boston City Group, Inc.’s Caroline Ligotti, Linda Redeker and Emily McGranaghan represented the buyer, 25-27 Minot LLC, to complete the transaction.
Built in the early 1960s on a .42 acre lot, the 8,760 s/f brick complex is comprised of 10 one-bedroom, and two studio units. The units are spacious, separately metered with high ceilings and private outdoor space with each. The property also features a back yard lawn and on-site private parking lot with spaces for all of the tenants.
The complex is located close to shopping and the MBTA Commuter Rail Station in Reading Center. The property is also located close to I-95, with a 25 minute drive to downtown Boston.
Boston City Group, Inc. specializes in sourcing and brokering commercial and multi-family investments, and urban development opportunities throughout Greater Boston and the New England, New York and Washington DC metro areas.
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,
.png)
Columns and Thought Leadership
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.
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.
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.