Boston, MA NAI Hunneman brokered the $14 million sale of 260-262 Commonwealth Ave, a portfolio of two brownstone buildings in Boston’s Back Bay.
Executive vice president Carl Christie and assistant vice president Dan McGee in conjunction with Beth Dickerson of Gibson Sotheby’s represented the seller Musco Properties, LLC and Brennan Family Realty, LLC and procured the buyer Commonwealth Avenue Partners LLC.
“There was a tremendous amount of interest from local developers on this sale as it is a rare opportunity to get two side by side brownstones in the Back Bay with parking,” said Christie.
260 and 262 Commonwealth Ave. were designed by architect Samuel D. Kelly and built by Samuel M. Shapleigh (a carpenter/builder). The buildings were two of five contiguous houses (258-266 Commonwealth) that both men designed and built between 1879 and 1883. The buildings have separate entrances, but the floors line up and there is common area access between both buildings. The buildings have been leased to Bay State College for over 30 years and operated as dormitories. The new owner is planning to convert them to condominiums.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
