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Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 10-12 Greenway Court, a boutique 14-unit 100% market rate apartment building located in the heart of Brookline, Massachusetts. The property is situated on a quiet side street in the coveted Coolidge Corner neighborhood of Brookline, an affluent highly sought-after town bordering Boston to the west that boasts one of the best school systems in the country. The property is located 1 block from the MBTA Green Line Station and the location offers residents immediate access to the area’s major employers, academic institutions, shops, dining and entertainment destinations.

10-12 Greenway Court 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".

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10-12 Greenway Court
14 Units
10-12 Greenway Court
Brookline, MA  02446
Posted: 6/1/2021

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".

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11 Langdon Street
17 Units
11 Langdon Street
Everett, MA  02149
Posted: 7/13/2021

Cushman & Wakefield's Multifamily Advisory Group is pleased to offer for sale 17 Walden Street, a value-add industrial investment and residential development opportunity located just minutes north of downtown Boston in the seaside town of Winthrop, Massachusetts. 17 Walden Street is comprised of a 19,800 ± SF lot (0.45 acre) improved with a 19,100 ± square foot flex industrial building. The site is close to transit, highly accessible to jobs in the Boston area and is easily walkable to shops, restaurants, beaches, parks and other amenities located nearby in Winthrop. 17 Walden Street is an excellent investment opportunity that presents investors a multitude of alternative use and value-creation opportunities, including the possibility to redevelop the site to residential (condominium or rental) housing.

17 Walden 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".

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17 Walden Street
   
17 Walden Street
Winthrop, MA  02152
Posted: 6/15/2021

Cushman & Wakefield’s Multi-Family Advisory group is pleased to present for sale 24 Merrimack Street, a 47-unit, 100% market-rate apartment building located in the heart of downtown Lowell, Massachusetts. Gut renovated in 2016, the six-story building consists of an ideal mix of one-bedroom, two-bedroom, and three-bedroom units, as well as 7,000 +/- SF of fully leased ground-level commercial space.

Investment Highlights

Surrounded by Neighborhood Amenities- Lowell provides local foodies an abundance of dining options ranging from American Whiskey Bars like The Keep, to Mediterranean style such as Lemon and Thyme, to fusions of Italian, Korean and Vietnamese cuisine found at Sizzling Kitchen. Steps away from 24 Merrimack, residents can enjoy traditional Mexican fare at El Potro Mexican Grill or sushi at Fuji Lowell. The Property is also a short drive from Mill No. 5, an indoor streetscape filled with shops and a movie theater. Inspired by Chelsea Market in New York City, this unique location features a restored soda shop serving milkshakes and sodas as well as a bazaar filled with local artisans selling their crafts.

Tremendous Employment Base-Lowell offers a tremendous employment base, which is heavily driven by the healthcare and education sectors. The two largest employers in Lowell, Lowell General Hospital and UMass Lowell, employ approximately 3,800 and 2,260 employees, respectively. Additionally, the multinational software firm UKG is headquartered at the 1.2 million SF Crosspoint Towers oce complex located less than 3 miles from the Property. They employ over 1,600 employees at this location, with plans to hire 400 more over the next several years.

Convenient & Accessible Location-The Property is ideally located in downtown Lowell, less than one mile from the Lowell Commuter Rail Station, which provides direct access to Boston’s North Station in 50 minutes. Additionally, the Lowell Connector and I-93 are a 10-minute drive from the property, providing access to the area’s major roadways.

Exceptional Demographics- The Lowell area offers exceptional demographics with 201,000 people, 74,000 households, and an average household income of $101,000 within 5 miles of the Property.

25 Merrimack 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".

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24 Merrimack
47 Units
24 Merrimack Street
Lowell, MA  01852
Posted: 6/24/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale 375 Cummins Highway, an approved residential development featuring unique on-site parking in Boston’s Roslindale neighborhood. 375 Cummins Highway will include 49 residential units and up to 60 off-street parking spaces as well as a bike storage/repair area for 49 bicycles. The units will include six (6) affordable rental units with the remaining 43 priced at market rate. The building will also feature a large lobby and common area in addition to a gym and two common decks for residents to gather and enjoy.

Investment Highlights

Fully-Approved Opportunity- 375 Cummins Highway presents a rarely available approved 49-unit development site in Boston’s Roslindale neighborhood. The site consists of an approximately 39,106 SF lot situated between Cummins Highway and American Legion Highway. The approved status of the site allows for immediate construction commencement in a highly-desirable residential market.

Access to Major Area Roadways and Public Transit-375 Cummins Highway offers a rare combination of ideal access to major area highways and public transportation. Steps outside of the site is a stop for bus route #30 bringing commuters directly to Forest Hills in under 10 minutes and to Downtown Crossing in another 15 minutes via the MBTA Orange Line. Drivers reach downtown Boston in approximately 20 minutes, door-to-door making it an ideal home for commuters.

Located 5 miles from I-93, 375 Cummins Highway offers easy access to all the major roadways in Massachusetts. This provides a variety of easy commuting options to various employment drivers and entertainment venues throughout Massachusetts.

Proximity to Quality Neighborhood Amenities- 375 Cummins Highway is located amidst quality dining and retail in Roslindale, Jamaica Plain, and Dorchester. Nearby community gardens and nature centers such as the Arnold Arboretum and the Leland Street Community Garden provide outdoor experiences without leaving the city. 375 Cummins Highway is less than 2 miles from Roslindale Village, the popular downtown area of Roslindale offering many neighborhood shops, restaurants, and amenities. Residents can easily pick up daily essentials at the American Legion Shopping Center and Stop & Shop.

375 Cummins Highway 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".

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375 Cummins Highway
   
375 Cummins Highway
Boston, MA  02131
Type: Land
Posted: 7/1/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 400 Mystic Avenue, a newly constructed thirty (30) unit, mixed use apartment community located in Somerville, Massachusetts. The boutique luxury asset is comprised of twenty-seven (27) residential apartment units and three (3) ground floor retail commercial spaces. The apartments are currently 95% occupied and the commercial spaces, which span between 932-1,128 SF respectively, are all either fully leased or committed.

400 Mystic Avenue 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".

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400 Mystic
30 Units
400 Mystic Avenue
Somerville, MA  02145
Posted: 6/14/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale 81 TURNPIKE RD, a 3.0-acre prime development site opportunity located in the highly desirable town of Ipswich, MA. Currently improved with 7,134 +/- square feet of restaurant/retail space, the property presents a variety of redevelopment opportunities, including apartments, condominiums, senior living, assisted living, hotel, industrial, retail, mixed use, and commercial development. Situated directly off Route 1 and less than five miles from the Ipswich Commuter Rail Station on the MBTA’s Newburyport/Rockport line, 81 Turnpike Rd offers an opportunity for an investor or developer to enter a highly sought-after suburban market.

TRANSIT ORIENTED LOCATION - 81 Turnpike Rd is located directly on Route 1 and is less than 4 miles from I-95, one of Greater New England’s major thoroughfares. Additionally, the site is approximately a 10-minute drive from the Ipswich Commuter Rail Station on the MBTA’s Newburyport/Rockport line, which offers just under an hour ride to Boston’s North Station..

EXCEPTIONAL DEMOGRAPHICS - 81 Turnpike Rd offers exceptional demographics with 40,000 people and 15,000 households within five (5) miles of the property boasting an average household income of $143,000 and a median housing value of $596,000.

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

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81 Turnpike
3 Acres
81 Turnpike Road
Ipswich, MA  01938
Type: Land
Posted: 5/17/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Carver Landing, a newly constructed, 34-unit townhome community in Plymouth, Massachusetts. The property is located at 104 Carver Road and features luxury townhouses with private yards and separate entrances. Each unit is enhanced with stainless steel appliances, luxury plank flooring and quartz counters as well as in-unit laundry.

Investment Highlights

New Construction Featuring Large Townhomes- Carver Landing features thirty-four luxury townhomes with separate entry and yards. In the post-COVID-19 world, many tenants are seeking this style of living communities. Private yards allow residents to entertain and enjoy their own space outdoors during a time that people are working and spending more time at home. These townhomes provide the amenities of a house with the ease of renting.

100% Leased-Prior to certificate of occupancy, all thirty-four of Carver Landing’s townhomes were leased. There is currently a waiting list at an effective rent of $2,250 with no concessions offered. Carver Landing’s luxury living experience is in high demand as more people are seeking larger, private spaces with quality amenities.

Historical New England Town- Known as "America’s Hometown", Plymouth, MA is a quintessential New England town with its historical architecture and expansive ocean views. Residents of Carver Landing are located less than 5.0 miles from the ocean and are just 3.0 miles from Plymouth’s town center, which is home to numerous museums, shops, pubs, fine restaurants, and entertainment. Additionally, Carver Landing is only a five-minute drive off Route-3 (exit 5) providing residents easy access to Boston, Cape Cod, and everything in-between.

Execeptional Demographics & Strong Fundamentals- Plymouth and the area surrounding the property benefit from strong underlying demographics, including an average household income of $134,500 and median home value of $406,500 within one mile of the Property. In addition, according to Axiometrics, Inc., the Plymouth County submarket has experienced strong rent growth at an average of +4.5% annually over the last five years. Looking forward, rents throughout the submarket are expected to continue to grow at an average of +3.6% annually over the next five years.

Carver Landing 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".

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Carver Landing
34 Units
104 Carver Road
Plymouth, MA  02360
Posted: 7/19/2021

Cushman & Wakefield Multi-Family Advisory Group is pleased to present the opportunity to acquire the PRINT LOFTS a recently constructed, transit-oriented 40-unit apartment community located in downtown Norwood, Massachusetts. The property is steps from the Norwood Central MBTA commuter rail station - offering residents an unmatched commuter location to Boston. The property is strategically located in Norwood’s bustling downtown area, offering residents a vibrant walkable environment replete with cafes, restaurants, shops and entertainment at its front door. Formerly an industrial warehouse building, the charming brick and timber building, originally constructed in 1911, recently underwent a transformative rehabilitation and conversion to multi-family. The boutique apartment community features forty (40) high-end rental units that offer a unique living experience in a true transit-oriented New England town center location.

Print Lofts 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 (containing property data and financial information) and access to 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".

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Print Lofts
40 Units
129 Guid Street
Norwood, MA  02062
Type: Conventional
Posted: 5/3/2021

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present for sale Rising Sun Mills, a unique opportunity to acquire a brick and beam apartment community strategically located in the heart of Providence, Rhode Island. The four-story brick mill building, which consists of 135 loft-style market-rate units and 30,000 +/- SF of commercial space, is situated on Providence’s West Side at the intersection of the rapidly transforming neighborhoods of Federal Hill, Broadway and the Armory District. The property was converted from its former industrial use in 2005 and is surrounded by a rich array of bars & restaurants, shopping, employers, and green space.

UNIQUE APARTMENT COMMUNITY - Rising Sun Mills offers unmatched appeal and outstanding amenities in an ideal central location, just 10 minutes west of downtown Providence. Converted into loft-style apartment homes in 2005, the 100% market rate Property offers unique layouts and spacious floor plans with units averaging 867 square feet. These apartments have been renovated with modern fixtures and high-efficient appliances while maintaining the original charm of the old mill through wood beam architecture, brick accents, and original hardwood floors. Additional unit features include in-unit laundry, central heat & A/C, oversized windows, and generous ceiling heights. The building also offers a 24/7 fitness center, private courtyard with grill, community room, communal library, billiards & game room, modern event space, coworking spaces, and various picnic spots along the Woonasquatucket River.

VALUE ADD OPPORTUNITY - The Property has undergone renovations to update the residential units with 73 of 135 units renovated to date. The unit renovations have included new granite kitchen and bathroom countertops, updated stainless steel appliances, and new washer & dryer units. The renovations thus far have increased the average monthly rent per unit by approximately $175.

Rising Sun Mills is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum (containing property data and financial information) and access to due diligence materials via the Real Capital Markets website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers"

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Under Contract
Rising Sun Mills
135 Units
166 Valley Street
Providence, RI  02909
Type: Conventional
Posted: 4/5/2021

Cushman and Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 400 West Broadway. The rarely available, fully approved, residential development opportunity is located along the highly coveted West Broadway corridor of South Boston, Massachusetts.

The project, which received its Certification of Approval from the Boston Planning and Development Agency in 2020, calls for the construction of a 5 story, 38 unit (36 residential + 2 retail) residential building, complimented by a 34 space semi-automatic parking garage in the rear of the site.

When complete, 400 West Broadway will offer future residents unparalleled access to a dynamic mix of amenities and transit options, scattered throughout South Boston and the Seaport. Furthermore, the project is poised to benefit greatly from several upcoming largescale developments in the immediate area. An influx of both life science and commercial development will bring thousands of new employees and millions of square feet of development to the already bustling submarket.

400 West Broadway is being offered for sale without a formal asking price, free and clear of existing debt. Once qualified investors have had an opportunity to review the offering materials and tour the Property, Cushman & Wakefield will schedule a formal "Call For Offers".

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Under Contract
400 West Broadway
0.22 Acres
400 West Broadway
South Boston, MA  02127
Type: Land
Posted: 3/16/2021

Cushman & Wakefield's Multifamily Advisory Group is pleased to offer for sale 141-143 Addison Street, a transit-oriented investment and development opportunity located minutes from downtown Boston. As East Boston continues to transform and flourish as a hotbed of residential development activity, the property’s 21,100 ± square foot (0.48 acre) lot presents an excellent redevelopment opportunity with the potential to deliver housing in a thriving Boston neighborhood. Currently comprised of two single-story flex/industrial buildings totaling 15,400 ± square feet, the property also presents considerable upside as functional in-fill industrial space. The property's below market rents and short-term leases provide the buyer - whether housing developer, industrial user/occupier or investor - with the flexibility to execute a variety of value-add strategies that maximize the property's potential. .

For Additional Due Diligence information please execute the Confidentiality Agreement at: https://my.rcm1.com/handler/TestUserWarning.aspx?pv=J1TYu7b3lpXtuimdUSrJyVGOXYlRIz4KBj-l2I33Pte2EIZ73zC6ZG8AJDSq9-n2

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141-143 Addison Street
   
141-143 Addison
East Boston, MA
Type: Land
Posted: 3/9/2021