
Plymouth, MA Ellis Realty Advisors completed sale of 1-17 Short St. Senior partner Colin Moynihan was the exclusive agent on the transaction of this fully leased, eight-unit townhouse apartment portfolio.
Located directly across the beach in the Bartlett Pond neighborhood, these large 1,700 s/f condo quality townhomes feature three levels of private decks, and ample garage space. Each unit is a spacious two-bedroom, 1.5 bath, with convenient beach access.
“There was an incredible amount of interest in this asset, the multifamily sector continues to see a tremendous amount of capital chasing limited inventory. Adding to the situation are the favorable lending rates and terms, which has created a very competitive market. We were very happy to set a new record on price-per-unit in the Plymouth market for our client” said Moynihan.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and