Boston Realty Advisors has been selected as the exclusive advisor for the sale of Beacon Fairbanks Manor, a 56-unit, 100-percent market-rate multifamily property in Brookline, Massachusetts. The assignment, announced by the Boston-based real estate firm, signals ongoing investor interest in Greater Boston's multifamily sector, particularly in supply-constrained suburban markets with strong fundamentals.
The property's classic architecture, high ceilings, prominent corner presence, and established market-rate tenancy support a durable in-place investment, according to the announcement. These features are likely to appeal to investors seeking stable cash flow and long-term appreciation potential in a highly desirable neighborhood. The full announcement, including downloadable images and bios, can be viewed by clicking here.
Beacon Fairbanks Manor sits between Washington Square and Coolidge Corner, placing residents within walking distance of two of Brookline's most established neighborhoods, both offering a variety of retail, dining, and other amenities. This location is a key selling point, as it combines the convenience of urban living with the charm of a suburban setting. The property's market-rate status means it is not subject to affordable housing restrictions, giving the new owner flexibility in setting rents and managing the asset.
Chestnut Hill Realty, the current owner, is a leading owner and manager of multifamily communities in New England. Founded in 1969 and headquartered in Chestnut Hill, Massachusetts, the company owns and manages 32 apartment properties totaling approximately 5,000 units across Greater Boston and Providence. For more information, visit www.chr-apartments.com.
Boston Realty Advisors, founded in 2001, is a privately held, locally operated real estate firm and a leader in the middle markets, focusing on investment sales, corporate real estate, and retail. The firm's involvement in this transaction underscores its expertise in the multifamily sector and its ability to navigate the complexities of the Boston-area market. More details about the firm are available at www.bradvisors.com.
The sale of Beacon Fairbanks Manor comes at a time when multifamily properties in Greater Boston continue to attract significant investor attention. Brookline, in particular, is known for its highly rated schools, walkable neighborhoods, and limited new construction, which together create a favorable environment for rental property owners. The property's 56 units offer a manageable size for investors looking to enter or expand in the market, while the market-rate tenancy provides immediate income potential.
As the exclusive advisor, Boston Realty Advisors will handle the marketing and sale process, aiming to secure a buyer who recognizes the value of the asset's location and income-generating capacity. The outcome of this sale could serve as a benchmark for similar multifamily properties in the area, reflecting the strength of the local rental market and the appetite for well-positioned assets. For more information about the announcement, visit Boston Realty Advisors.
