Spring Hill Apartments Somerville, MA
NAI Hunneman completed the sale of 106 apartment units located along Summer Street in Somerville. This was the first time this property was listed for sale since it was built in the 1920’s. As exclusive agents we contacted over 7,000 investors via e-mail, direct mail, and phone call solicitation and sent out over 200 offering memorandum packages. The Call for Offers marketing process resulted in 46 qualified tours and 20 offers. It was sold for $31 million.
“I interviewed many Boston realtors and ultimately made the right decision choosing Hunneman Team. Your expertise and patience was greatly appreciated. Your initial appraisal was higher than expected, and your fees lower than other firms we spoke with. We were also very impressed with your presentation and marketing strategy for the properties. Due to your experience and professional advice, we were able to sell the buildings at a price that exceeded your original appraisal. We appreciate your making this process as easy as possible for our family. We would recommend you and your team to any potential sellers.”
ALBERTA V. FORTE – SPRING HILL REALTY TRUST
Portfolio Lynn, MA
NAI Hunneman completed the sale of a 109‐unit apartment portfolio located in Lynn, MA. Several buildings with ocean front views and other buildings in the Diamond District drew strong investor interest. The portfolio was owned and managed by the same family for many years. The portfolio sold for $11 million. NAI Hunneman represented the seller and procured the buyer.
“We have had a long term relationship going back over eighteen years. You originally assisted us with the sale of out 623-unit portfolio and most recently with the sale of our 108-unit portfolio in Lynn. We continue to discuss listing other assets and I appreciate your counsel. We remain impressed with your entire team and their solid reputation in this industry is well deserved. Your enormous marketing effort helped us reach the right people and achieve our sales goals. You were organized and accountable throughout the process with your reporting. This really helped our family make a well-educated decision on the market and the offers you procured.”
JOHN GILBERG – FEDERAL REALTY CORP
Nesmith & Park Avenue Lowell, MA
NAI Hunneman completed the sale of a 67‐unit apartment portfolio located in two separate buildings at 330 Nesmith Street and 61 Park Avenue West in Lowell. As exclusive agents we contacted over 4,000 investors via e-mail, direct mail, and phone call solicitation and sent out over 100 offering memorandum packages. The Call for Offers marketing process resulted in 23 qualified tours and 15 offers. It was sold for $7,050,000.
“We were very pleased with your work brokering the recent sale of our apartment buildings located in Lowell, Massachusetts. From your initial site visit to the closing in January of this year, the Hunneman multi-family team was professional and effective. We received a number of qualified offers and ultimately negotiated a strong price and traveled a smooth path to closing. Your diligence, experience and judgment significantly contributed to this successful transaction”
THOMAS O. LEVENBERG – C.C. REAL INVESTMENTS, INC.
Portfolio Malden & Medford, MA
NAI Hunneman completed the sale of a portfolio of apartment buildings in Malden and Medford. The portfolio included five buildings with 265 units and sold for $23.5 million. As exclusive agent we completed a Call for Offers marketing process with over 250 registrations, 30 qualified tours, and 21 offers. The second round of bidding finalized the transaction with a best and final offer with no due diligence.
“I am pleased to write you a letter of recommendation for your brokerage work on the sale of our apartment portfolio. You and your entire team at Hunneman impressed us with your real estate expertise, professionalism, and tireless work ethic throughout the sale process. With your help we were able to achieve top dollar for our 265-unit portfolio in Malden and Medford. The sale price far exceeded our expectations. Your strategic approach to the sales process enabled us to maximize the value and it worked perfectly to select the right buyer with the least amount of contingencies. Your brokerage fee was very fair and competitive with other firms we interviewed.”
SCOTT GREB – TWELVE HUNDRED TRUST
Micozzi Management Properties Brighton, Clinton, and Quincy, MA
NAI Hunneman completed the sale of a 55‐unit building in Brighton to Micozzi Management. This is one of over a dozen transactions that both parties have completed including shopping plazas and apartment buildings. Highlights include a 120‐unit apartment complex in Clinton, MA for $16.65 million and a portfolio of 300 units in Quincy for $22 million.
“Over the last twenty years you and your team at Hunneman have been able to help us facilitate many sales transactions. With your help, we have been able to broaden our diversified portfolio throughout Massachusetts including, Newton, Allston, Brighton, Westfield, Quincy, Northborough, and Worcester. We continue to be impressed with your presence in the market and the many attractive listings that you represent. We also appreciate you bringing us opportunities that specifically fit our requirements. Our close business relationship over the years has made it possible to accomplish our goal in becoming a leader in apartment rental, commercial leasing, management and investment. We look forward to many more years of working together and closing deals.”
NINO MICOZZI – MICOZZI MANAGEMENT
39‐47 Bay State Road Boston, MA
NAI Hunneman completed the sale of a portfolio of brownstone apartment buildings along Bay State Road in Boston. The portfolio owned by the Tosi Family included 4 buildings and 49 units. The portfolio sold, in stages, for $17.4 million. NAI Hunneman completed the estate sales through a Call for Offers marketing process. The process produced multiple offers and competitive bidding which achieved the best price possible for the seller.
“I have had a long-standing professional relationship with Carl Christie of NAI Hunneman in Boston. Over the course of six years, Mr. Christie, has worked on my behalf to sell 6 buildings located in the North End and Kenmore Sq., comprising approximately 60 apartment units. Mr. Christie’s competitive bidding process consistently brought higher prices than I was expecting from qualified buyers with excellent terms. I attribute this to his 20 years of experience and expertise in high profile commercial residential sales in New England. Mr. Christie worked diligently to make the process of selling my properties as easy as possible.”
LINDA TOSI – TOSI REAL ESTATE
Reading Depot Reading, MA
NAI Hunneman completed the sale of a 96‐unit apartment complex located in downtown Reading. As exclusive agents we contacted over 4,000 investors via e-mail, direct mail, and phone call solicitation and sent out over 150 offering memorandum packages. The Call for Offers marketing process resulted in 41 qualified tours and 23 offers. It was sold for $16.4 million.
“I had the great pleasure of working with Carl recently to sell our 96-unit apartment complex located in downtown Reading, MA. Carl’s tirelessly efforts to market the portfolio involved reaching out to over 4,000 potential investors through e-mail, direct mail, and phone call solicitations. After over 150 offering memorandums were sent out, the complex was sold for $16.4 million in January 2016. His dedicated approach helped us to get the best possible price for the complex. Carl’s professionalism and in-depth knowledge of the Boston real estate market is unparalleled. I would not hesitate to work with him again on a future project..”
JOE TOMEI – TKV ASSOCIATES
130‐158 North Washington Street North Attleboro, MA
NAI Hunneman completed the sale of a 41‐unit apartment complex located in North Attleboro, MA. As exclusive agents we contacted over 4,000 investors via e-mail, direct mail, and phone call solicitation and sent out over 100 offering memorandum packages. The Call for Offers marketing process resulted in15 qualified tours and 9 offers. It was sold for $3.35 million.
“Earlier this year we hired your company to sell our 41 unit apartment building in downtown North Attleboro. We were very happy with the results you were able to achieve. You and your team worked hard to market the property, conduct showings, and bring us multiple offers. Based on your recommendation we did not just sign the initial best offer. Your plan was to be patient and guide the buyers through a second phase where they inspected the property and removed their contingencies. This part involved us coordinating with all our tenants which took time and effort, but it was worth it to get to the end result. We achieved the best price possible with few conditions. This process also unveiled who was the most likely buyer and wanted the property the most. It was dear to us that you understand exactly what to do in these situations. Your entire team handled the process smoothly with a dear target goal of getting us the best price, terms, and most importantly – closing.”