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Boston & New England  + Boston  + Apartments  | 

1960s-Vintage Apartments Trade in Tight West Roxbury Market

Marcus & Millichap SVPS Evan Griffith and Tony Pepdjonovic arranged the sale of 97 Spring St., a 32-unit apartment property in Boston’s West Roxbury neighborhood. The asset sold for $9,075,000. 

Griffith and Pepdjonovic, based in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and procured the buyer. “This was a hotly contested deal from the start, and our marketing resulted in 11 qualified bids during the call for offers,” said Pepdjonovic. “We continue to see mid-sized value-add apartment buildings fetch record pricing despite elevated interest rates.” 

Built in 1965, the Spring Street Apartments are located at 97 Spring St in West Roxbury. The units are in dated condition and were owned by the same family for just over 50 years.

“West Roxbury has only a dozen properties of this size and vintage, so the buyer will benefit from a tight rental market that has performed exceptionally well over the years,” Griffith added. 

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Marcus & Millichap's PepdjonovicMarcus & Millichap's Griffith

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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