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Sarben Realty Corp. Buys Waban Apartment Building For $3.48M

Jun 4, 2012 | Reprints | Print

Sarben Realty Corp has purchased 59-75 Wyman St. in the Waban neighborhood of Newton for $3.48 million.

NAI Hunneman brokers Carl Christie, executive vice president and principal, along with investment sales specialist Dan McGee and associate Henry Lieber, represented both Sarben and the seller, Waban Realty LLC, in the transaction.

"We were able to achieve the seller’s price expectations without going to the market," said Christie in a statement. "The buyer was adding to their portfolio in Newton and recognized the excellent location of this asset."

The property is comprised of three, five-unit brick apartment buildings, built circa 1945. All units are two-bedroom / one bath units. The property was 100 percent occupied at the time of sale. In addition to having off street parking, the site is near the MBTA’s Green Line.

Commercial & Industrial