Back Bay Apartment Building Sells for $463,889 per Unit

An apartment building in Boston’s Back Bay neighborhood has sold for $463,889 per unit. The nine-unit 19 Cumberland St. sold for a total of $4.175 million. The building was purchased by Bonsai Limited LLC. Originally constructed in 1888, the building features five studios, three one-bedroom units and one two-bedroom unit. This Victorian-style building is fully […]

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Akelius Buys Cambridge Apartments for $28.5M

Swedish multifamily investor Akelius US LLC has acquired its sixth multifamily portfolio in Greater Boston and its first in Cambridge. The company on Jan. 7 bought the 68-unit apartment building at 334 Harvard St. between Harvard and Central Squares for $28.5 million, or $419,118 per unit. Boston Realty Advisors’ Christopher Sower, Jen Price and Maggie […]

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Swedish Investor Drops $63M in Brighton, Somerville

Sweden-based Akelius US recently purchased a 190-unit apartment portfolio spread across Brighton and Somerville. The portfolio consists of 89 units in Brighton at 4-8-12 Elko St. and 286-288 Chestnut Hill Ave., and 101 units in Somerville’s Spring Hill neighborhood at 123 Highland Ave. and 136-138 Highland Ave. The buildings were sold on behalf of True […]

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