NAI Glickman Kovago & Jacobs finalized the acquisition of 38 Cedar Street in Worcester for a total of $7.2 million. Representing the buyer, Olivella Properties, Inc., was Vice President David Eldredge from NAI Glickman Kovago & Jacbos. The seller of this property was S.J.S. Realty Corp. The 36-unit apartment building, constructed in 1942, is strategically located in the emerging WPI South Campus area.

Multiple properties in Worcester, located at Ureco Terrace, 831 Pleasant Street, 5 Richmond Street, and 9 Richmond Street were acquired by SEIREH Five LLC. The properties sold encompassed a total of 28 units, spanning 30,526 square feet and situated across seven buildings on the combined land. The seller, Dorel Realty LLC was presented by David Eldredge, Vice President of NAI Glickman Kovago & Jacobs, carrying out the sale at $4,650,000.

Vice Presidents David Eldredge and Tim Whittredge of NAI Glickman Kovago & Jacobs represented seller Hancock St Holdings LLC in the sale of an extensive multi-family portfolio in Webster, MA. The portfolio encompassed ten properties, containing a mix of two, three and four-unit buildings for a total of 35 units, as well as garage space and a vacant lot. The entire portfolio sold for $3,500,000 to Webster Rentals LLC, providing the buyer with a significant opportunity to grow their rental portfolio. 

NAI Glickman Kovago & Jacobs successfully facilitated the sale of a two property portfolio of Mobile Home Parks. The two parks combined contained 72 mobile homes and a restaurant space occupied by a local diner on 6+ acres of land. Vice President David Eldredge of Glcikman Kovago & Jacobs represented the seller, 151 Hartford Turnpike LLC and Mobile Home Service Center, who sold the property to Bees LLC for $2,150,000.

Drawing on his specialized expertise in the multifamily sector, VP David Eldredge of NAI Glickman Kovago & Jacobs facilitated the sale of 77-79 Sterling Place in West Boylston. Eldredge assisted both the buyer, Inbrook Capital of Braintree, and the seller, WB Sterling, LLC, throughout the transaction. The property is a 12-unit apartment building spanning 9,251 square feet and located on a spacious 1.45 acre lot. The purchase was completed with Inbrook Capital acquiring the property from WB Sterling, LLC for $1,550,000. 

NAI Glickman Kovago & Jacobs successfully facilitated the sale of American Mobile Home Park on 751 Washington Street in Auburn. Vice President David Eldredge represented the seller, Johnson Family associates. Principal Michael C. Jacobs represented the buyers, American MHP, LLC, which is owned and operated by Bob, Kevin, and Gary Baker, who have a personal connection to Central Massachusetts and expressed their excitement to contribute to the area’s ongoing growth. 

The sale of the mobile home park included a 38 pad site, fetching a price of $2,350,000 at a cap rate of 9.1%. Through their dedicated representation, the team at NAI Glickman Kovago & Jacobs ensured a smooth progress for both the seller and buyer.

NAI Glickman Kovago & Jacobs carried out the sale of a spacious mobile home property located at 47 Washington Street in Auburn. The property spans 11.6 acres, and sports 53 age-restricted sites. It was sold by WP LLC, presented by VP David Eldredge, to Whispering Pines LLC, represented by Principal Michael Jacobs. 

This 44-site mobile home park located at 350 West Street in Ludlow occupied 3.6 acres of land, and featured a combination of 12 park-owned units and 32 site rentals. Having been owned by the Kennedy family for an extended period of time, the property was acquired by Tom Lennon of Plainville, MA for a price of $900,000, and was facilitated by VP David Eldredge of NAI Glickman Kovago & Jacobs.