January 15, 2019
Deal Watch Today

Bristol apts. fetch $4.4M

Photo | Contributed
Photo | Contributed
The property at 916-924 Middle St. in Bristol faces ESPN's headquarters.

A Massachusetts brokerage says it's sold a two building, 75-unit housing complex in Bristol to a New York developer for $4.4 million.

United Multi Family Corp., of Braintree, Mass., on Friday said it represented the Boston-based seller, 572 Brook Street LLC and 916-924 Middle Street LLC, in the building sales to Yellowstone Property Group for about $58,667 per unit.

The three-story brick garden style building on Brook Street has more than 45,000 rentable square feet with 58-one bedroom units. Built in 1970, the property spans over 1.33 acres.

On Middle Street, the 10,285-square-foot property is comprised of 17 units across six buildings with a mixture of one- and two-bedroom units. The 4.18-acre site is located across the street from ESPN's headquarters.

United Multi Family Corp. said it specializes in the sale of multifamily properties, completing more than 1,200 transactions worth $1.8 billion in sales since 1998. The firm has offices in Massachusetts, Connecticut and New York.

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