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Davis Square Apartment Building Sold For $13.3M

Sep 10, 2015 | Reprints | Unlock Link | Print

Powderhouse Realty Corp. has sold 119 College Ave., a 41-unit apartment building near Somerville’s Davis Square, to Sandtail LLC of Cambridge for $13.3 million.

NAI Hunneman’s Robert Tito and Gina Barroso represented the seller and procured the buyer.

“119 College Ave. is a legacy asset, owned by the same family for over 50 years,” Tito said in a statement. “The property was meticulously maintained and has tremendous upside, making it a real win for the new owners who were looking to strengthen their local portfolio.”

The four-story garden-style apartment building was constructed in 1927 and contains 11 studios, 23 one-bedroom units and seven two-bedroom units.

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