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The Kenary

Posted: 6/17/2022
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About

About The Kenary

Cushman & Wakefield's Mid-Atlantic Multifamily Group is pleased to offer The Kenary, a boutique Class A apartment building recently delivered in Baltimore's Fells Point Neighborhood. The Property features 11 residential units as well as a commercial space. The Property is well-located just off of the Fells Point waterfront, with residents enjoying immediate proximity to The Broadway Market (2 blocks), The Sagamore Pendry Hotel (4 blocks), and Whole Foods (6 blocks).

With only 11 residential units, The Kenary's true boutique community feel is accentuated by thoughtfully-crafted unit interiors representing the pinnacle of modern living in Fells Point. Strategic execution provides a luxurious lifestyle offering in a highly desirable location. The Kenary's impressive finishes and boutique living experience attracts a discerning resident profile. The apartments are 100% pre-leased with a blended average rent of $1,500 across the 1 and 2 bedroom units.

Fells Point benefits from impressive rental metrics boasting the highest average 1 Bedroom and 2 Bedroom Rates in the Baltimore Market, at $2,200 and $3,075 per month respectively. Sales velocity remains amongst the lowest in Baltimore City, with only two multifamily sales transaction in the neighborhood since January 2020 (CoStar).