News: Front Section
Posted: July 28, 2023
Pouladians of North Shore Realty Advisors sells 765 Broadway in Everett, MA
Everett, MA North Shore Realty Advisors, Inc. has completed the sale of 765 Bdwy. Dan and Sara Pouladian as exclusive agents to United Properties procured the buyer through their private network with over 50 tours and multiple offers.
765 Bdwy. is a four-story multifamily with a total of 14,764 s/f and a unit mix of thirteen two-bedroom apartments. The property also consisted of 13 separately metered gas boilers, two commercial grade gas hot water tanks and laundry facility on site for the residents.
“There is no secret that the Everett market has been hot for sometime now. Everett has many new developments and future projects such as phase II for Encore Boston Harbor Casino making Everett the new entertainment hub for Boston. Investors see the direction Everett is heading and the recent rent increases resulting in future growth potential,” said Dan Poualdian.
“We want to congratulate our client United Properties and the buyer Faith Broadway LLC. It was a pleasure working with you and we look forward to the next one.”
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
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.
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.
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: