BOSTON– Colliers International, Boston- Colliers International has been hired as the sole agent in the sale of 256 Parker Hill Avenue in Boston’s Mission Hill neighborhood. This 32-unit value-add property consists of two (2) garden-level apartment buildings: 256 Parker Hill Avenue and 197 Calumet Street.
256 Parker Hill Avenue is ideally located in a transit-oriented neighborhood, approximately 0.5 miles from both the MBTA’s Orange Line and Green Line stops. Less than 1.0 mile from the property is the Longwood Medical Area, a 215-acre medical mecca home to institutions such as Boston Children’s Hospital, Brigham & Women’s Hospital, and Harvard Medical School.
Additionally, the Mission Hill neighborhood and 256 Parker Hill Avenue are proximate to many of Boston’s top colleges including MassArt, Wentworth Institute of Technology, and Northeastern University.
Christopher Sower, senior vice president of the Multi-Family Investment Sales at Colliers, stated, “The Mission Hill neighborhood is a strong rental market, strongly supported by the local universities and Longwood Medical Area. We look forward to providing this investment opportunity to investors looking to own a value-add asset in this stable neighborhood.”