Brownstones Trade Hands for $5M

BOSTON-Tosi LP, a family-owned limited partnership, is parting ways with 41-43 Bay State Rd. here to the tune of $5.25 million. The buyer is Nora LLC, the best fit of over ten competing offers for the rare real estate. Carl Christie and Dan McGee of NAI Hunneman represented the seller and procured the buyer.

“It is a rare opportunity to acquire two buildings in the city with parking and river views,” notes McGee in a statement. The rarity stems from the fact that the majority of brownstones on Bay State are owned by local Boston University which calls parallel Commonwealth Avenue its main campus, using many of the Bay State brownstones as university housing.

The two buildings consist of 8 and 11 apartment units with each boasting roughly 8,500 sf. NAI Hunneman tells GlobeSt.com that there were over ten offers over the five week marketing of the building for the straight-up purchase.

NAI Hunneman is headquartered in Boston and is a provider of commercial real estate services.