Harbor Stone Advisors, a Mid-Atlantic leader in multifamily investment sales, has brokered the sale of Green Street Crossing, 18 units located at 198-220 E. Green St in the downtown area of Westminster, MD. The asset sold for $1,400,000, or $77,778 per unit. Harbor Stone Advisors President, Justin Verner, and Senior Advisor, Brooks Healy, served as exclusive advisor and agent to the seller, Outlier Realty Capital, and procured the out-of-state buyer in the transaction.
Green Street Crossing is comprised of (2) studios, (10) 1 Br-1 Ba apartments, (6) 2 Br-1 Ba townhome units, and 8 garages. Most of the units have balconies, and the townhomes feature four levels of space. Additionally, the asset has on-site laundry facilities.
Verner noted, “Suburban multifamily assets are being favorably looked at by the investment community. Green Street Crossing saw a myriad of buyer interest and ultimately traded to a Pennsylvania-based purchaser.”
Green Street Crossing is located in the heart of downtown Westminster, Maryland, just blocks away from charming Main Street. Baltimore Boulevard is a short drive away, featuring many national and regional chains such as Target, Walmart, Home Depot, Lowe’s, Kohl’s, Food Lion, and Starbucks. A 5-minute drive to TownMall of Westminster, which features more than 80 stores, a food court and Regal Cinemas. Close proximity to both McDaniel College and Carroll Community 0ol College. Major area employers include Carroll Hospital Center, with 1,997 employees; McDaniel College with 800 employees; and Penguin Random House with 753 employees. A 45-minute drive to Downtown Baltimore. Close proximity to the Pennsylvania line; a 42-minute drive to Gettysburg, PA. Ten miles from I-795 S. Nineteen miles to I-695.
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.
