Property Listings

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 47 West Cedar St, a boutique 10-unit, 100% market rate apartment building located in the Beacon Hill neighborhood of Boston, Massachusetts. Built at the turn of the century, the 5,600 SF +/- brownstone apartment building is situated in the heart of Boston’s most charming and sought-after residential neighborhoods, exceptionally located between Downtown and the Back Bay.

The building features four (4) two-bed one bath units, four (4) one-bed one bath units and two (2) studios. The units offer high ceilings, hardwood floors, large closets and abundant natural light. Although ownership has meticulously managed the building, there is a distinct opportunity to upgrade unit interiors, including kitchens, bathrooms, flooring, lighting and appliances. Following these upgrades, the incoming buyer would elevate the competitive profile of the asset in the market and the renovated luxury units would command significantly higher rents, or be poised for condo conversion and sell-out at premium prices.

47 West Cedar St represents a rare opportunity to acquire an asset in one of the most desirable residential locations in the United States.

The Florida Multifamily Group of Cushman & Wakefield is proud to present the exclusive offering of the 49th Street Apartments, a 286-unit value-add community in Pinellas Park, FL. Located in the most densely populated county of Florida, the property lies in a central part of the Tampa Bay region just north of St. Petersburg nearby the Gateway Business District with over 2,700 businesses and 60,000 employees in the vicinity. The property is well built of concrete block construction with concrete subfloors and boasts an attractive unit mix of 17% one-bedroom and 83% two-bedroom floor plans, most of which have been upgraded to a luxury standard finish level. The property has seen phenomenal performance over the last year with a 5% physical vacancy and an over 8% increase in net rental income, outpacing both the submarket and Tampa Bay averages. With optionality to purchase the property free and clear or subject to a Freddie Mac loan at 3.59% and ability to place new supplemental debt, the property presents an excellent opportunity to acquire a well-performing asset with strong in-place cash flow and future upside through strategic additional renovations.

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 64 Revere Street, a boutique 11-unit, 100% market rate apartment building located in the Beacon Hill neighborhood of Boston, Massachusetts. Built at the turn of the century, the 6,240 SF +/- brownstone apartment building is situated in the heart of Boston’s most charming and sought-after residential neighborhoods, exceptionally located between Downtown and the Back Bay.

building features seven (7) one-bed one bath units, four (4) two-bed one bath units. The units offer high ceilings, hardwood floors, large closets and abundant natural light. Although ownership has meticulously managed the building, there is a distinct opportunity to upgrade unit interiors, including kitchens, bathrooms, flooring, lighting and appliances. Following these upgrades, the incoming buyer would elevate the competitive profile of the asset in the market and the renovated luxury units would command significantly higher rents or be poised for condo conversion and sellout at premium prices.

64 Revere Street represents a rare opportunity to acquire an asset in one of the most desirable residential locations in the United States.

Process & Pricing

64 Revere 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 materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

AM 1980 is a 132-unit boutique luxury apartment community at the entrance of Chicago’s vibrant Logan Square neighborhood, a market that has outperformed downtown Chicago submarkets over the last 18 months. Conveniently located just steps from the Western Blue Line CTA stop and surrounded by premier retailers, this property is ideally situated to capture demand from a growing demographic of high-income renters in Logan Square; with household income increasing 39% since 2019. Offering immediate access to over 796,000 employees in downtown Chicago and the O’Hare office market via the Blue Line, AM 1980 is perfectly positioned for today’s urban commuter.

GROWING POPULATION OF HIGH-EARNING RENTERS IN LOGAN SQUARE

Average household (HH) income within 0.5 miles of AM 1980 of $178k is 1.6x above the Chicago average. 57% of Logan Square is renter occupied. Average home values have increased 45% since 2019 to $537k.

ROBUST SUBMARKET FUNDAMENTALS

Rents in Logan Square grew 5.5% in 2023 and occupancy averaged 96%. The massive supply/demand imbalance continues to give landlords pricing power.

IDEALLY SITUATED IN A TRANSIT-ORIENTED LOCATION WITH HIGH BARRIERS TO ENTRY

One minute from the Western Avenue Blue Line CTA stop; residents can travel to downtown in 18 minutes and to O’Hare in 35 minutes. Residents also have convenient access to I-94 via Armitage and immediate access to bike trails on Milwaukee Ave.

GROWTH OF LOGAN SQUARE

Thriving retail submarket with 8 grocery chains and 15 Michelin-recognized restaurants. Recent investments include an $88M overhaul of historic Congress Theatre, as well as a community plaza with more walking and bike trails, in addition to the popular 606 trail.

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Arena Villas at Blue Angel, a 117-unit, 2021-2023-constructed Build-To-Rent (BTR) community located in Pensacola, FL. Arena Villas at Blue Angel is ideally positioned in the central north Pensacola submarket, offering residents direct access to key transit corridors, including Interstate-10, Interstate-110, and Route 29 - facilitating efficient connectivity throughout the Pensacola MSA. The property is located less than nine miles from the newly developed $650 million Baptist Health Care campus, which was delivered in Q4 2023 and serves as a major healthcare employment anchor for the region.

Just 10 minutes from the property, Navy Federal Credit Union’s recently completed campus is expected to employ more than 10,000 people by 2026, reinforcing the area’s status as a stable and expanding employment hub. The Pensacola market continues to outperform national trends, with population growth nearly twice the U.S. average and rent growth exceeding 9% since 2022 - demonstrating strong multifamily fundamentals and long-term investment appeal.

Cushman & Wakefield’s New England Multifamily Advisory Group is pleased to present for sale Arlington & Cortes, a 58-unit portfolio consisting of four (4) individual brownstone properties in Boston’s Bay Village neighborhood. The portfolio is designated with full Lodging Licenses for 84 occupants. The buildings are equipped with recently renovated systems, including new roofs and life safety systems, and beautifully re-pointed brick facades. Interior units present value-add potential or benefit from strong cash flow based on the existing tenants.

The properties are positioned in one of Boston’s most convenient and supply- constrained neighborhoods, Bay Village, which offers superb transit options and easy access to major highways. The properties are centrally located to Boston’s top employment districts, including Downtown Boston, the Longwood Medical Area, and Back Bay. Arlington & Cortes are also proximate to many of Boston’s top institutions and amenities in South End, Back Bay, and Downtown Boston.

Pricing & Process

Arlington & Cortes 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, Cushman & Wakefield will schedule a “Call for Offers”.