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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.
- ◦Sale/Acquisition

