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Hanover Apartment Community Sells For $14M

Feb 17, 2015 | Reprints | Unlock Link | Print

North Pointe - Hanover, MA Image

Manhattan-based Philips International has purchased a 74-unit apartment community in Hanover for $14.78 million.

North Pointe is a 90,705-square-foot, two building complex built in 2005. It is located a mile off of Route 3 and comprised of 25 one-bedroom and 49 two-bedroom units. Amenities include a fitness center, reading room and a community room. The seller was RDM LLC.

Caroline Ligotti, Emily McGranaghan and Linda Redeker of Boston City Group, a commercial team at Otis & Ahearn Real Estate, brokered the sale.

Commercial