Phtoto courtesy of CP Capital

A Medway apartment complex completed in 2023 under Chapter 40B, the Massachusetts affordable housing zoning law, was acquired for $76.6 million in an all-cash transaction.

The 231,643-square-foot Hathon complex contains 190 apartments and currently lists units renting for $2,320 and up, according to Apartments.com. The 39 Main St. property also  includes 48 income-restricted units.

The buyer was Bel Medway LLC, which lists Morgan Stanley’s Boston office as its address and Belhurst Realty Corp as manager.

The purchase price works out to over $403,000 per unit.

New York-based CP Capital, the seller, said the 12-acre property consists of wood-framed buildings and includes co-working spaces, swimming pool, game room with bar and demonstration kitchen. The firm was a partner with Toll Brothers on the property.

“The multifamily sector continues to demonstrate remarkable resilience, despite capital market turbulence and interest rate uncertainty,” Jay Remillard, co-head at CP Capital, said in a statement. “This transaction, along with recent milestones across our portfolio, illustrates the enduring demand for high-quality, accessible rental housing.”