Methuen, MA Yannios RE Investment Services has brokered the sale of the Union Grove Apartments. K&B Builders has sold the property to Arrowpoint Properties for $3.94 million. The two-story brick garden style apartment building features 36 units in a mix of two studios,10 one-bedrooms and 24 two-bedroom units. The new owners plan on renovating the units.
James Yannios of Yannios RE represented the seller and procured the buyer.
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