According to Boston Realty Advisors (BRA), a 4-unit property in Washington Sq. has officially sold to 8 Colbourne, LLC. 8 Colbourne Crescent, is a 6,084 s/f brick building that consists of 4 two-bedroom apartments and two parking spaces. The property, located at the intersection of Winthrop St. and Colbourne Crescent, sold for $1.33 million.
Chris Sower closed the sale of 8 Colbourne Crescent in his first few weeks as BRA's new managing director and partner of BRA's multi-housing and apartment brokerage.
"It was great to work with Chris Sower on this apartment sale," said Jason Weissman, BRA's CEO and founder. "This apartment building sale represents the first in a series of multi-housing buildings that Boston Realty Advisors will be representing over the coming months."
"The multi-housing sales market looks strong for this year and will show a growing amount of investment sales transactions, as property owners continue to see an increase in activity and demand," said Sower.
Boston Realty Advisors looks to aggressively grow its investment sales practice under Sower, who will continue to bring multi-housing to market for private sellers, institutions and banks/lenders.
Founded in 2001 by Jason Weissman, Boston Realty Advisors operates full-service residential and commercial brokerage platforms. BRA specializes in selling "mid-market" commercial real estate. BRA prides itself on being a sophisticated market player with local knowledge and expertise, and for innovatively aggressively marketing assets to regional, national and international audiences.