BOSTON— Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of SoMa Apartments, a 347-unit, workforce housing apartment community located in Boston’s Southern Mattapan neighborhood.
CBRE exclusively represented the seller, The DSF Group, a privately held multi-family real estate investment company and CBRE also procured the buyer
Originally built between 1965 and 1968, SoMa Apartments is comprised of 12 four-story residential buildings and a single-story leasing office and maintenance shop. The apartments are spread over a 7.1-acre site and offer a mix of studios, one-bedroom and two-bedroom apartment homes, with an average apartment size of 829 square feet. The property offers a convenient location with excellent access to MBTA transit as well as major highways in minutes. SoMa Apartments sits adjacent to the Blue Hills MBTA Commute Rail in Boston’s Mattapan Square, which provides direct service to Downtown.
CBRE’s Simon Butler said, “We are pleased to have represented the seller in the sale of SoMa Apartments, having sold it to them in 2018. Our client successfully executed their business plan.”
“We are pleased to have successfully executed our repositioning strategy on SoMa Apartments in Boston,” said Josh Solomon, President of The DSF Group.
