Boston Realty Advisors (BRA) has sold a block of twelve condos 197-205 Kent St. for $3.3 million or $275,000 per unit. The seller is the Fishman Family Limited Partnership and the buyer was not identified.
197-205 Kent St. is situated steps from the Longwood Medial Area and Coolidge Corner, two of the most sought after locations in the area. Longwood Medical Area, a concentrated community of healthcare and academic institutions, encompasses 15.5 million s/f. It has earned a reputation as one of the world's most prestigious medical, research and education epicenters. The 215-acre area is one of the city's most notable economic success stories. Total revenue for the institutions has exceeded $2.5 billion annually. The Longwood Medical Area is also one of the area's largest employment centers in the greater Boston area. Each weekday, more than 37,000 doctors, nurses, researchers and patients, combined with 14,000 medical students populate the area.
The twelve units were comprised of three studios, three one-bedrooms and six two-bedrooms.
Christopher Sower, managing director and partner at BRA said, "Both seller and buyer were great to work with on this transaction. We were very happy with the results."
BRA is a privately held commercial brokerage firm based out of Boston. BRA specializes in the sale and leasing of investment and commercial properties throughout New England.