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New, Modest Rentals North of Boston Sell for Premium

Four-Building Apartment Complex in Billerica Commands $61 Million for Trammell Crow
With a pool, courtyard and other amenities, Point at 3 North has quickly reached 92% occupancy. (CoStar)
With a pool, courtyard and other amenities, Point at 3 North has quickly reached 92% occupancy. (CoStar)
By John Doherty
CoStar News
December 20, 2019 | 9:06 P.M.

A new apartment project in a once-forgotten Boston suburb has sold for over $340,000 a unit, which is a 15% premium over the average per-unit price for the submarket of $296,000, CoStar data shows.

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