Past Sales

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire Tatnuck Brook Apartments, a 3-building, 54-unit apartment complex located in suburban Worcester, Massachusetts. Built in 1973, the property spans 2.13 +/- acres and features an attractive mix of twenty-one (21) one-bed and thirty-three (33) two-bedroom units.

Tatnuck Brook Apartments is ideally located in the Tatnuck neighborhood of Worcester, just outside of downtown. Known to be the one of the affluent neighborhoods in Worcester, residents benefit from access to a variety of retail and restaurant amenities as well as tremendous transit access. Tatnuck Brook Apartments offer residents phenomenal access to a plethora of transportation options – including interstates 90, 190, 290. Furthermore, the property is located less than 1.5 miles from Worcester Regional Airport.

The property offers tremendous value-add potential through unit renovations, improved community amenities, and general capital improvements throughout the complex. Rents at the property are approximately 50%+ below market, offering new ownership the opportunity to dramatically increase revenue through renovations.

Pricing & Process

Tatnuck Brook Apartments is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to redevelop 465 Congress Street, the Fidelity Trust Building, in downtown Portland, Maine. The property – fully approved for sixty-three (63) luxury apartment units - is offered for sale or joint venture development with the existing ownership. Dating back to 1910, the building is a registered Portland historic landmark and was the city’s first “skyscraper.” Overlooking Monument Square in the heart of the downtown, and across Preble Street from the Time and Temperature Building, this offering is a truly rare opportunity to reposition a landmark building and create a legacy asset.

465 Congress Street is a ten-story building comprised of ±84,180 square feet on ±0.447 acres. The ownership has received approvals for the redevelopment of the 2nd through 10th floors (former office space) into sixty-three (63) apartment units. Most of the floors are already in “white box” condition with upgraded building systems in-place. The property is poised for construction to start, and the incoming developer can leverage both the Opportunity Zone and Historic Tax Credit programs to enhance project returns.

Process & Pricing

465 Congress Street is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum and access to due diligence materials via the C&W website. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire 21 Forest, a boutique 10-unit multifamily opportunity located in Cambridge Massachusetts. The property features a mix of studio and one bedroom units totaling 7,492 GSF. 21 Forest offers the opportunity for investors to acquire a rarely available, transit oriented asset in a core plus location.

Located in Porter Square, 21 Forest is situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Residents are less than a 10-minute walk from the Porter Square MBTA station providing access to the Fitchburg Commuter Line and the Red Line.

21 Forest is offered for sale on an "as-is" basis and without a formal asking price. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 11 Langdon Street, a boutique 17-unit apartment building located in rapidly evolving, Everett, Massachusetts. The property is in close proximity to several up-and-coming features of Everett, most notable the Encore Boston Resort and Casino. It also boasts easy access to the MBTA’s Orange Line, Silver Line and commuter rail. Just north of Boston, Everett is a short commute from the area’s major employers, academic institutions, shops, dining and entertainment destinations.

Investment Highlights

Significant Recent Capital Improvements Since acquiring the property in early 2020, current ownership has made significant capital improvements throughout the asset, including gut renovations of ten (10) units and extensive common area upgrades. Ownership has invested more than $575,000 into these improvements over the last 18 months. Furthermore, they are in the process of installing a new keyless building access system and restriping the parking lot, both of which shall be completed prior to closing.

Neighborhood DevelopmentStrategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Encore Boston Resort and Casino, Assembly Row, Cambridge Crossing, Hood Park, and the Silver Line Extension. Most notably, Encore Boston, located less than a ½ mile from the property, has transformed this portion of Everett. Completed in summer 2019, the $2.6 billion development spans 30+ acres and has cemented Everett as a true "live, work, play" destination.

Transit Oriented-11 Langdon offers residents great transit accessibility, including Orange Line (Assembly Row), Silver Line (Chelsea), and commuter rail (Chelsea) stations all located less than 10 minutes from the property. These rapid transits hubs connect Everett to Greater Boston’s world-renowned institutions, medical centers and business hubs. Additionally, these transit options offer immediate access to Logan International Airport, Boston’s Seaport District, as well as South and North Station.

11 Landon Street is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "call for offers".

Cushman & Wakefield is pleased to present for sale RIVERSIDE PLACE, a 22-unit value-add apartment community located in the Harvard Square area of Cambridge, Massachusetts - one of the Northeast’s most prestigious neighborhoods. Built in 1990, the highquality constructed building consists solely of 2- and 3-bedroom apartments each containing at least 1.5 bathrooms. The property boasts 100% occupancy with virtually no historic vacancy.

Riverside Place is available on an unpriced basis. Additional due diligence materials are available for qualified buyers. Cushman & Wakefield will be conducting tours of the property in the coming weeks with call for offers to follow.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 133 Salem Street, an excellent behavioral health and multifamily redevelopment opportunity in Revere, Massachusetts. The property consists of a 140-bed capacity 59,000 GSF 3-story former skilled nursing facility and a noncontiguous 0.65-acre (28,093 SF) development parcel. The existing building is well suited for residential redevelopment and is located in a thriving in-fill submarket, just minutes north of downtown Boston. The existing building also represents a rare turnkey occupancy opportunity for behavioral health and medical uses seeking a residential treatment facility. The adjacent 0.65 acre parcel, currently a surface parking lot, is an attractive ground-up multifamily development opportunity. The property presents a multitude of redevelopment options with a location that is compelling for residential, medical and other uses offering exceptional accessibility, convenience and proximity to highways, public transit and major employment, entertainment and population hubs.

Process & Pricing

133 Salem Street is offered for sale on an "as-is" basis and without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Please visit the C&W website to sign the confidentiality agreement and download the due diligence materials. Property tours are available upon request.

Offers are due by 5:00PM on Friday, December 17, 2021.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 135 North Ave, formerly the Sunrise of Weston in Weston, Massachusetts. Historically operated as a 29 unit, 33 bed assisted living facility, the 1.86-acre site is improved with a 18,311 SF four story building, and 35 parking spaces. Operated until recently and well maintained by the current ownership, 135 North Ave represents a turnkey opportunity for a myriad of assisted living, healthcare and other medical operators and uses. Additionally, the 1.86-acre parcel is well positioned for redevelopment to housing or an array of other uses.

135 North Ave, is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to purchase 16-18 Wendell Street, a recently renovated 24 room and 42 bed lodging house located in the heart of Cambridge, Massachusetts. The property is situated on a quiet side street in the coveted Harvard Square neighborhood, one of the most sought-after places to live and visit in Greater Boston. The location offers residents and visitors exceptional access to public transportation, technology and bio-tech employers, parks and green spaces, and a wealth of shopping, dining and cultural attractions in and around Harvard Square, including the Harvard and Lesley University campuses.

16-18 Wendell St, totaling 12,300 GSF, is comprised of two historic residential buildings that were built in the late 19th century and completely redeveloped / expanded in 2016. Institutionally owned and maintained, the property is in excellent condition and offers the incoming owner tremendous upside and use optionality with a configuration that’s adaptable for student housing/dormitory, multifamily, hospitality or institutional use.

Process & Pricing

16-18 Wendell St is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Cushman & Wakefield is pleased to offer for sale 195 Market Street, a value-add office investment and transit-oriented multifamily development (TOD) opportunity located just 10 miles north of downtown Boston in the City of Lynn, Massachusetts. 195 Market Street is comprised of 5.1± acres and a 152,000± square foot, five (5) story office building built in 1972. The property is located close to transit, highly accessible to jobs in the Boston area and is easily walkable to downtown Lynn and the waterfront, offering shops, restaurants, playgrounds, parks and other amenities nearby.

195 Market Street falls within the Central Business District zoning district, which allows for substantial as-of-right development potential (120’ height limitation; no FAR limitation) and a variety of uses, including residential, retail, hospitality, office and mixed-use. 195 Market Street is an excellent investment opportunity that presents a multitude of alternative use and value-creation opportunities, including the potential to redevelopment the property into a large scale multi-family apartment community.

195 Market Street is offered for sale on an “as-is” basis and without a formal asking price. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

Cushman & Wakefield’s Multi-Family Advisory Group, in collaboration with Ten-X, is pleased to offer for sale 259 Baldwin Street, formerly the Town & Country Nursing Home, in Lowell, Massachusetts. Historically operated as an 80-bed skilled nursing facility, the 2.5-acre site is improved with a 13,200 SF single story building, constructed in 1964 and expanded in 1994, and a 50-space parking lot. Operated until recently and well maintained by the current ownership, 259 Baldwin Street represents a turnkey opportunity for a myriad of behavioral health and medical operators and uses. Additionally, the prominent 2.5 acre corner parcel property is well positioned for redevelopment to housing or an array of other uses.

259 Baldwin Street is available on an "as-is, where-is" basis and is being offered via online auction on September 13-15, 2021. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Please visit Ten-X.com to sign the confidentiality agreement, download the due diligence materials and register for the auction.