1950s apartments hit record per-unit price

Boston-based entity makes purchase
Published on Jul 2, 2007

The Hamilton Co. recently purchased two multifamily communities in Brookline, Mass., for a total of $18.1 million. The sales price achieved a record-breaking $300,000 per unit for the 1950s vintage apartments, which had not been traded since the 1950s. The properties -- 53-63 Parkman & 110 Babcock -- consist of 39 two-bedroom apartments, 20 one-bedroom apartments, one studio apartment, and a total of 65 parking spaces. The seller was 53-63 Parkman Realty LLC. ...

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