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Northmarq Completes Sale of 66-Unit Baltimore Apartments
Northmarq’s Mid-Atlantic Investment Sales team has completed the $5.95 million sale of The Baltimorean, a 66-unit multifamily community located at 2905 N. Charles Street, in Baltimore, Maryland. The property is directly across the street from Johns Hopkins University.
Northmarq represented the seller in the transaction, 2905 N. Charles Street LLC, and the buyer was Real Estate Dimensions. The transaction team was led by Northmarq’s Ari Azarbarzin and also included Anthony Pino, Wallace Halpert and Jamie Grant. The transaction marks the first time the property has changed hands since 1994.
“The Baltimorean is an iconic asset in Charles Village and stands across the street from the city’s anchor institution, Johns Hopkins University,” said Azarbarzin. Built in 1927, The Baltimorean offers a mix of studios, one- and two-bedroom apartments with units averaging 385 square feet. The property includes two elevators, a fitness room, a management office, and a laundry room.