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Boston & New England  + Apartments  |  December 17, 2019
David Cohen
By: David Cohen

Schochet Cos. Acquires Rhode Island MF Community for $20M

Braintree-based developer and owner Schochet Cos. has acquired Bay View Estates, a 130-unit market-rate apartment community in Portsmouth, R.I. The sales price was $20.4 million.

The community consists of 72 apartments in a single eight-story high-rise building, 35 apartments in a garden building, and 23 direct access units in a terrace building, spread over 29.3 acres of grounds. The average unit size is 743 square feet. Bay View Estates also offers an amenity package that includes a community room, outdoor pool, a gym and tennis court.

Simon Butler and Biria St. John of CBRE represented the seller, Bay View Apartments LLC, in the transaction.

For comments, questions or concerns, please contact David Cohen

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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.
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