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Hyde Park Apartment Building Fetches $2.72M

Apr 12, 2012 | Reprints | Unlock Link | Print

A 24-unit apartment building in Boston’s Hyde Park neighborhood has sold for $2.72 million.

NAI Hunneman brokered the sale of 491-495 Huntington Ave. to 491 Huntington Realty Trust.

NAI Hunneman brokers Robert Tito, executive vice president and principal, and Dan McGee, investment sales specialist, also represented the seller, Kingsley Brightwood LLC, in the transaction.

The 22,320 square foot building is located in the Stony Brook section of Hyde Park. The brick building, which has three stories plus a lower level, is 100 percent occupied. Built in 1965, the property features many recent improvements including updated kitchens. The building contains a mix of 18 two-bedroom units and six one-bedroom units, according to a statement.

"With its great urban location, proximity to the Hyde Park commuter rail station and full tenant roster, 491-495 Huntington Ave. represents a terrific investment opportunity for its new owner," said Tito.

Residential Real Estate