Chestnut Hill Realty has sold a 17-unit apartment building in Cambridge for $11.85 million.
The buyer of 14 Centre St. was Nora LLC of Allston, an entity affiliated with multifamily landlord Anwar Faisal of Allston-based Alpha Management.
The 1910 4-story brick building contains nine one-bedroom and eight two-bedroom units, with average sizes of 1,159 square feet.
CBRE/NE’s Simon Butler and Biria St. John represented the sellers. In a statement, St. John said the transaction “represents a terrific value-add opportunity in an unmatched location” between Harvard and Central Squares.
Chestnut Hill Realty acquired the property in August 2011 for $5.65 million.