Newman/Atlantic Capital Buy 7-Unit North End Multifamily for $3M

Boston — Newman Properties, in partnership with Atlantic Capital Commercial Real Estate, LLC, has purchased 17 Sheafe Street, in Boston’s North End for $3,000,000. This well-maintained, four-story residential building features seven fully gut-renovated units - including a mix of studios, 1 bedrooms, and 2 bedrooms.

Perfectly situated in the heart of Boston’s historic North End, this newly acquired building offers an unparalleled urban living experience just steps from the Freedom Trail. Touting its recent acquisition via a release, Newman extolled the neighborhood’s legendary culinary scene, surrounded by world-class Italian restaurants, cozy cafés, and famous local bakeries, in addition to its commuting proximity, with immediate access to major highways, nearby MBTA T-stations, and excellent public transit options right at your doorstep.

Newman Properties extended praise to its agents for making the deal happen, including AJ Artsamyan of Coldwell Banker, loan officer Ross Grifkin of Rockland Trust, and its attorney, Jessica Heywood of Dwyer Goncalves, for their professionalism and partnership throughout the transaction.

Newman Properties says it will continue to seek new and innovative acquisition opportunities. Newman and its affiliates own and manage more than 750 residential units, as well as numerous commercial and retail properties. To date, the company has acquired and sold over $500 million in real estate throughout Greater Boston, the South Shore, and the North Shore. Current projects in the pipeline include residential condominium conversions, value-add renovations, and long-term buy-and-hold investments, as well as commercial opportunities throughout New England.

17 Sheafe Street, Boston MA