**Berkeley Investments Sells Jamaica Plain Apartment Complex for $37.8M**
CBRE has announced the successful closing of the $37.8 million sale of 3200 Washington, a 73-unit apartment community located in the Jamaica Plain neighborhood of Boston. The transaction was led by CBRE’s Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler.
The seller, 3200 Washington, LLC—an affiliate of Boston-based Berkeley Investments—was represented by the CBRE team, which also procured the buyer, FCREF 3200 Washington, LLC.
Originally built in 2019, 3200 Washington comprises two mid-rise buildings, one five stories and the other six. The development offers a blend of studio, one-bedroom, two-bedroom, and three-bedroom apartments, with an average unit size of 809 square feet. The property also includes two commercial suites, currently leased to Drawdown Brewery and Glenvale Solar.
Constructed to LEED Gold standards, the complex reflects a focus on sustainability and modern living.
“Berkeley was successful in delivering a high-quality boutique apartment community in the dynamic Jamaica Plain submarket,” said CBRE’s Simon Butler. “The property offers the buyer the ability to earn strong long-term returns.”
