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Entity of Newman Properties Acquires Abington Residential Property

May 17, 2018 | Reprints | Unlock Link | Print

Coleross James LLC, an entity of Newman Properties, recently purchased a multi-unit residential property in Abington.

The purchase was part of a 1031 tax-free exchange. Winchester Savings Bank provided the $1.25 million in financing via a seven-year fixed rate mortgage.

The residential property at 120 North Ave. contains 10 apartments consisting of one- and two-bedroom units.

Newman Properties coordinated the investment with listing brokers Evan Griffith and Tony Pepdjonovic of Marcus & Millichap.

B&T Daily