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Group Boston Real Estate’s Michael Carucci Brokers the Sale of 254 Newbury Street in Boston, MA

The Mount Vernon Company, a Boston based Real Estate Developer, Sold the Property to Gurbir-Tanu LLC, for a Purchase Price of $4.25 Million

PRLog - Jun. 22, 2011 - BOSTON -- Boston, MA:  Group Boston Real Estate (GBRE), one of Boston’s leading real estate brokers for commercial real estate, luxury properties, condominiums, townhouses and homes, today announced that company founder Michael Carucci represented the buyer and seller in the sale of 254 Newbury Street in Boston's Back Bay.  The Mount Vernon Company, a Boston based real estate developer, sold the property to Gurbir-Tanu LLC, for a purchase price of $4,250,000.00.

“This was a transaction with many challenges and Michael was extremely helpful in every step of the way to get it done," said Bruce Percelay, Chairman of The Mount Vernon Company.  “Michael was responsible for the acquisition, lease up, financing, and subsequent sale of the property to everyone’s satisfaction.”

“The Mount Vernon Company is one of Boston’s most respected developers/owners of apartments properties, and we were pleased to represent them in this transaction,” said GBRE’s Michael Carucci.

254 Newbury Street is four story, 5,460 square foot commercial/residential building, with six parking spaces.  Mumbai Chopstick Restaurant occupies the ground and first floors, and Royalton Suites, a luxury short term residence, occupies the upper floors.

About GBRE:
GBRE is Boston’s premier realtor for commercial real estate, luxury properties, condominiums, townhouses and homes.  GBRE’s client list includes: The Boston Bruins, The Boston Red Sox, Taurus Investments, Fidelity Investments,  Bain & Company, Winn Development, Peabody Properties, The Mt. Vernon Companies, The Boston Celtics, Massachusetts General Hospital, Centremark Properties, and Beth Israel Hospital.  More information on GBRE is available at: http://www.bostonrealestate.net/.

Ally Forbes
Group Boston Real Estate LLC
Office: 617.262.1900

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Contact Email:
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Source:Todd Keefe
Phone:617 262 1968
Location:Boston - Massachusetts - United States
Industry:Real Estate
Tags:GBRE, boston real estate
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