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Owners Developers & Managers
Posted: December 4, 2015
Sower, Price and Karp of Boston Realty Advisors completes sale of 17-unit 461 Massachusetts Ave.
Christopher Sower, Boston Realty Advisors
Jen Price, Boston Realty Advisors
Ben Karp, Boston Realty Advisors
Boston, MA Boston Realty Advisors (BRA) completed the sale of 461 Massachusetts Ave., a 17-unit apartment building in the city’s lively South End neighborhood. The sale was completed on behalf of Coppola Management. The buyer was Akelius US, LLC, a Swedish-based real estate company.
Originally built in 1910, 461 Massachusetts Ave. has 14 studios and 3 studios with alcoves units. The building is 100% occupied and hosts two off-street parking spaces.
The property is located in the South End, between Columbus St. and Tremont St., in one of the city’s most sought-after neighborhoods. Located proximate to world-renowned universities, top medical and research facilities, and over 12 million s/f of office and retail space, 461 Massachusetts Ave. is convenient to a wealth of amenities.
Akelius US, LLC adds this asset to their collection of recent transactions in the city, most notably their purchase of the 255-unit West Sq. apartment property in South Boston.
The sale was completed by BRA’s multifamily investment sales team of Christopher Sower, Jen Price, and Ben Karp. Sower said, “We are excited to see the transition that Akelius will bring to the Boston market with their newest asset in the South End.”
BRA is a privately-held commercial brokerage firm based in Boston, Massachusetts. BRA specializes in the sale and leasing of investment and commercial properties throughout New England.
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