Beacon Hill Apts. LLC acquired two multifamily buildings at 24 Joy St. and 88 W. Cedar St. in Boston from Joy Boston LLC and 88 West Cedar LLC for $5.6 million.
The first asset is a four-story, 3,200-square-foot, Class C multifamily building with street-level retail. It was built in 1899 with renovations in 1970 and is located in the North Station/Beacon Hill submarket. The property consists of six apartment units and one commercial retail unit.
The West Cedar Street property is a four-story, 5,488-square-foot, Class B multifamily building. It was built in 1899 and is currently undergoing renovations. Situated on a 2,023-square-foot parcel, the building is composed of nine apartment units in the North Station/Beacon Hill submarket.
The buyer was self-represented. The Boston Realty Advisors team of Jason Weissman and Christopher Sower represented the sellers.
Please refer to CoStar COMPS #2258231 for more information on this transaction.