Slyman of New England Apartment Group arranges three sales totaling $5.39 million

Hopedale, MA New England Apartment Group, a regional commercial real estate company, completed the sale of several apartment buildings with combined sales of $5.39 million. John Slyman handled all three transactions and represented the seller and procured the buyers in each transaction. New England Apartment Group is focused on selling apartment buildings in the private client space throughout New England. The sales include the following:

• Hopedale, MA – 24 unit vinyl sided apartment building located at 37 Dutcher St. The property was sold by Dutcher Manor, LLC to 37 Dutcher Hopedale, LLC for $2.2 million. The building was built in 1920 and consisted of 23 two-bedroom units and 1 one-bedroom unit. 

• Marlborough, MA – 27 unit brick apartment building located at 195 E. Main St. The property was sold by Universal Real Estate Investments, LLC to So-AM Realty Trust as part of a 1031 exchange for $2.35 million. The building was built in 1967 and consisted of 15 one-bedroom and 12 studio apartments.

• North Providence, RI – 12 unit brick apartment building located at 1144 Douglas Ave. The property was sold by Pinnacle Properties, LLC to 1144 Douglas Ave., LLC for $840,000. The building was built in 1970 and consists of 11 two-bedroom and 1 one-bedroom unit.