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17-Unit Cambridge Apartment Building Sold for $11.85M

Mar 1, 2018 | Reprints | Unlock Link

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Chestnut Hill Realty has sold a 17-unit apartment building in Cambridge for $11.85 million.

The buyer of 14 Centre St. was Nora LLC of Allston, an entity affiliated with multifamily landlord Anwar Faisal of Allston-based Alpha Management.

The 1910 4-story brick building contains nine one-bedroom and eight two-bedroom units, with average sizes of 1,159 square feet.

CBRE/NE’s Simon Butler and Biria St. John represented the sellers. In a statement, St. John said the transaction “represents a terrific value-add opportunity in an unmatched location” between Harvard and Central Squares.

Chestnut Hill Realty acquired the property in August 2011 for $5.65 million.

B&T Daily