Harbor Stone Advisors, a Mid-Atlantic leader in multifamily investment sales, has executed the sale of The Apartments at 414, a multifamily redevelopment in the heart of the up and coming Highlandtown neighborhood of Baltimore, just north of the Canton Waterfront. It is located at 414 S. Conkling St, Baltimore, MD 21224. There is potential for the asset to be redeveloped into 8 apartments. The property previously housed a social club. Harbor Stone Advisors President, Justin Verner, and Senior Advisor, Brooks Healy, served as exclusive advisor and agent to the seller, Stoney Creek Capital, in the transaction.
The Apartments at 414 are located in the Highlandtown neighborhood of Southeast Baltimore. The neighborhood and surrounding area is a mix of historic rowhouses and several mixed-use developments including The Gunther, The National, and The Porter. In addition to apartments, these developments provide the neighborhood with a healthy mix of retail, restaurants, office space for businesses, a yoga studio, and a Crossfit gym. With a Walk Score of 95, the area is considered to be a Walker’s Paradise. The neighborhood is adjacent to the premier Baltimore neighborhood of Canton. Canton is known for its fine dining, upscale retail, and vibrant nightlife in a charming waterfront setting. Employment abounds in the area, with esteemed employers Johns Hopkins University, Johns Hopkins Medicine, University of MD Medical System, MedStar Health, Abacus Corporation, Exelon, and Amazon in close proximity.
Verner noted, “There is an abundance of growth and development happening in the waterfront neighborhood of Canton and that is spurring activity to continue off the northern side of the area. Highlandtown has been a direct recipient and forward-thinking owners and developers continue to target this area which is poised to continue its gentrification.”
About Harbor Stone Advisors:
Harbor Stone Advisors specialize in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information visit www.harborstoneadvisors.com
