BOSTON, May 1, 2014 (GLOBE NEWSWIRE) -- Group Boston Real Estate (GBRE), Boston's premier luxury real estate agency, announced today that its president, Michael Carucci, brokered the sale of 240A Newbury Street and 41 Fairfield Street in Boston, Massachusetts for $14,575,000.
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Located in Boston's prestigious Back Bay neighborhood, 240A Newbury Street is home to the iconic Daisy Buchanan's. Mr. Carucci represented the seller, JC Realty Trust, and identified the buyer, UMNV 240A Newbury LLC, a joint venture between UrbanMeritage and Novaya Real Estate Ventures, in the transaction.
"Michael has brought us many blue chip Newbury Street properties over the years. We are excited to acquire another Newbury Street asset and look forward to re-energizing and re-merchandizing this prominent corner," commented Vin Norton, principal of UrbanMeritage.
"This was a time sensitive transaction with many moving parts, but it got done in less than 30 days," said Mr. Carucci. "This sale allowed the Cimino family (seller) to capitalize on their long term investment and delivered a rarely available building to the buyer, UrbanMeritage," commented Mr. Carucci.
About Group Boston Real Estate:
Group Boston Real Estate is a boutique real estate brokerage in Boston's prestigious Back Bay neighborhood, specializing in the sale of luxury homes and condominiums, as well as commercial and investment properties in the Greater Boston area. With a background comprising of over 100 years of collective real estate experience in every property category and an excess of $5 billion in successfully completed real estate transactions, Group Boston Real Estate continues to raise the bar in the industry and local community. More information on Group Boston Real Estate is available at www.BostonRealEstate.net.
