–Leading investment sales firm represents the sellers and procures the buyers for the multifamily buildings in Revere, Massachusetts–
Newton, MA (May 9, 2022) – Northeast Private Client Group® (NEPCG) has announced the sale of Fitzhenry Square Apartments and Winthrop Ave Apartments in Revere, MA.
Senior Associates Francis Saenz & Drew Kirkland, along with investment associates Jim Casey and Brad Carlson represented the sellers and procured the buyers for the multifamily buildings totaling $5,470,000.
Fitzhenry Square Apartments, A 14-unit multifamily property in a qualified opportunity zone, sold for $3,550,000, equating to $253,571 per unit. This property has historically strong occupancy and consists of 13 one-bedroom and one (1) two-bedroom floorplans. Fitzhenry Square Apartments is in the desirable Crescent Beach Neighborhood, is only 0.2 miles from Revere Beach Station (Blue Line), and is a ten-minute drive to Logan International Airport.
Winthrop Ave Apartments, also located in Revere,is a (6) six-unit multifamily property that sold for $1,920,000, equating to a price of $320,000 per unit. The building consists of three (3) two-bedroom, two (2) one-bedroom, and one (1) studio floorplans. The new construction 2019 property features stainless steel appliances, coin-op laundry, and separate utilities. Winthrop Ave is similarly located in the Crescent Beach neighborhoods.
Senior Associate Francis Saenz has closed a sale volume of over $210 million across 97 Transactions. Senior Associate Drew Kirkland has a transaction count of 108 with a sales volume of over $240 million. Kirkland specializes in multifamily real estate portfolios, offices, shopping centers, and retail/mixed-use properties throughout Connecticut and Massachusetts. While specializing in multifamily apartment buildings, Francis has helped numerous clients strategize with retail, office & mixed-use buildings throughout Massachusetts.
“Through our marketing process & relationships in the market, we could source strong-well qualified buyers for both properties. Continuing to prove there is a high demand for multifamily properties in Greater Boston.” Francis Saenz, Senior Associate.
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.