Sower, Weissman and Ganong of Boston Realty Advisors broker $3.55m brownstone sale
Boston Realty Advisors (BRA) has sold 5 Marlborough St., a six-unit brownstone building in the city's Back Bay. The sale price was $3.55 million or $591,667 per unit. The buyers are Kimbery Flood and David Asprinio and seller was William Driscoll.
The team of Christopher Sower, Kristy Ganong and Jason Weissman, all of BRA, represented the seller, while Michele DeAngelis, vice president of Coldwell Banker, represented the buyer.
Sower said, "5 Marlborough St. was an extremely unique offering. It's location on the first block of Marlborough, made it a very rare opportunity."
Weissman, principal and founder of BRA said, "We were pleased to participate with DeAngelis. Boston Realty Advisors is committed to cooperating with the brokerage community at large on our investment sales offerings. We have always believed that this adds value to the owners of the properties that we represent."
Boston Realty Advisors is currently marketing multiple assets for sale in Boston's Back Bay, including 86 Commonwealth Avenue and 463 Beacon Street, and will be bringing new opportunities to the market in the coming weeks.
About Boston Realty Advisors:
Founded in 2001 by Weissman, Boston Realty Advisors operates a full-service commercial brokerage platform. BRA specializes in selling investment properties throughout New England. The firm's mission is to fill a void in the lack of creative and aggressive marketing within the commercial real estate industry.
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,
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.
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:
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.
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.