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Baltimore Apartment Tower Trades for $22M

Baltimore-based commercial real estate and investment company Byrnes & Associates has brokered the $22 million sale of The Munsey Apartment Building, an 18-story apartment building in Baltimore.

Located at 7 N. Calvert St., the tower was constructed in 1911 and features 149 studio, one and two-bedroom apartment homes. Originally built as an office building, the property was converted to multifamily use in 2002. During the renovation process, the owners retained the grand entranceway and front door, as well as its distinctive marble flooring. Resident amenities include 64 parking spaces, a modern fitness center, business center and community club room. The building is named for Frank Munsey, the publisher and owner of the daily newspaper Baltimore News, which occupied the commercial office building for many years before being acquired by newspaper magnate William Randolph Hearst.

Brad Byrnes of Byrnes & Associates represented both the seller, LC3 Investors Baltimore LLC and the buyer, PMC Property Group Inc. in the transaction.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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