1860s Built Cathedral Court in Baltimore Sells to International Buyer for $9M
Harbor Stone Advisors has arranged the $9.2-million sale of Cathedral Court, now a 62-unit multifamily property in the historic Mount Vernon neighborhood of Baltimore, MD.
The building was constructed in the mid 1860s as The Albion Hotel then completely renovated in 1989. It has 58 residential units and four commercial units.
According to Harbor Stone Advisors president Justin Verner, the property had offers from New York to California and ultimately traded to an internationally based investment group.
Cathedral Court is just north of Baltimore’s downtown, CBD, Inner Harbor and Camden Yards with abundant dining, shopping and entertainment. The subject property has a Walk Score of 99 and is within walking distance including the Washington Monument, the Walter’s Art Museum, Meyerhoff Symphony Hall and the Baltimore Basilica.
Local employers include Mercy Health Services with 4,028 employees, MICA with 2,142 employees, UMMC’s Midtown Campus with 500 doctors and 1,100 employees and Agora with 850 employees.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.