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Belmont Apartment Complex Sold for $8M

Oct 27, 2017 | Reprints | Unlock Link

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61-63 Moraine Street in Waverley Square

CMS Moraine LLC of Cambridge has sold a 24-unit apartment complex in Belmont’s Waverley Square for $8 million.

Built in 1970, the complex at 61-63 Moraine St. contains 24 one- and two-bedroom apartments and has 40 off-street parking spaces.

NAI Hunneman Executive Vice President Carl Christie and Assistant Vice President Dan McGee represented the seller, CMS Moraine LLC of Cambridge, and procured the buyer, Robert Maguire of Weston.

With a limited inventory of multifamily properties in Belmont, the property attracted significant interest including 59 tours by prospective buyers and 21 offers, Christie said in a statement.

B&T Daily