Northeast Private Client Group’s Saenz, Kirkland, Casey and Carlson Handle $5.47M Sale: NEREJ
Revere, MA Northeast Private Client Group (NEPCG) has completed the sale of apartments Fitzhenry Square and Winthrop Ave.
Senior partners Francis Saenz and Drew Kirkland, and investment partners Jim Casey and Brad Carlson represented the sellers and procured the buyers for the multi-family properties totaling $5.47 million.
Fitzhenry Square Apartments, a 14-unit multifamily property in a qualified opportunity area, sold for $3.55 million, or $253,571 per unit. This property has a historically strong occupancy and consists of 13 one-bedroom and one two-bedroom floor plans. The Fitzhenry Square Apartments are located in the Crescent Beach area, 0.2 mile from the Revere Beach station (blue line) and a ten minute drive from Logan International Airport.
Winthrop Ave. Apartments is a six-unit multifamily property that sold for $1.92 million, which equates to a price of $320,000 per unit. The building consists of three floor plans of two bedrooms, two one bedrooms and a studio. The property has stainless steel appliances, coin laundry and separate utilities. Winthrop Ave. is also located in the Crescent Beach neighborhoods.
Senior partner Saenz closed over $210 million in sales volume across 97 deals. Senior Partner Kirkland has a deal count of 108 with a sales volume of over $240 million. Kirkland specializes in multi-family real estate portfolios, offices, shopping centers and commercial/mixed-use properties in Connecticut and Massachusetts.
While specializing in multi-family apartment buildings, Francis has helped numerous clients strategize with retail, office and mixed-use properties throughout the mass.
“Through our marketing process and market connections, we were able to find strong and qualified buyers for both properties. Continuing to prove that there is strong demand for multifamily properties in Greater Boston,” Saenz said.