Ellis Realty Advisors Senior Partner Colin Moynihan facilitated the sale of a 29 unit apartment complex located at 45 Belle Isle in Revere MA. This asset was fully leased and all apartments where market rate with two large parking lots. Located within walking distance to two MBTA stations, the soon to be re-developed Suffolk Downs, & Wynn’s new Encore Casino this apartment complex is ideally located just over 5 miles outside downtown Boston.
“Both parties are very pleased with the outcome this sale provided in the highly competitive Boston multifamily market,” noted Senior Partner Colin Moynihan. Moynihan specializes in multifamily dispositions, acquisitions, and development in Massachusetts and represented both the seller 45 Belle Isle LLC and the buyer Revere Belle LLC.
Ellis Realty Advisors is a leading provider of real estate services in Eastern MA. ERA’s team consists of multi-disciplined commercial real estate professionals specializing in a range of services for tenants, owners, investors and developers. Click here to view other commercial listings for sale or lease.
