Newman Properties

February 10th, 2026 | Hartford Business Journal

Wed, 11 Feb 2026 14:19:23 GMT

Mass. real estate investment firm acquires Red Robin-anchored building in Enfield for $3.65M

Newman Properties has purchased a 6,350-square-foot retail building at 15 Hazard Ave. in Enfield for $3.65 million, expanding the firm’s commercial portfolio into Connecticut. Read more below...

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January 14th, 2026 | Traded

Wed, 14 Jan 2026 15:13:39 GMT

Newman Properties And East Boston Management & Development Sell Multifamily Building For $1.44M

116 Brooks Street is a three-story, six-unit multifamily building located in East Boston, MA , in the Eagle Hill neighborhood. The property was sold for...Read more below...

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January 2nd, 2026 | The Real Reporter

Mon, 05 Jan 2026 16:08:19 GMT

Newman Properties Divests East Boston Multifamily via Horvath&Tremblay for $1.44M

BOSTON — Newman Properties and East Boston Management & Development recently sold 116 Brooks Street in East Boston. The three-story multifamily building features six total units, including four studios and 2 one-bedroom / one-bathroom apartments. The property offers 2,872 square feet of living space, within 3,784 square feet of gross area, and sits on a 0.02-acre corner parcel. Read more below...

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May 1st, 2025 | Yahoo Finance / MassLive

kevin.l@newmanprops.com (Kevin Leech) — Wed, 14 May 2025 15:19:27 GMT

Holyoke Landing, location of Popeyes and Starbucks, sold

HOLYOKE — Newman Properties in Brookline in partnership with Atlantic Capital Holyoke Retail purchased the Holyoke Landing shopping center last month for $6.8 million.

Newman announced the purchase Thursday, saying this is its first purchase in Holyoke. Papers were filed with the Hampden Registry of Deeds April 25.

It’s about a two-acre property located at 12-44 Holyoke St. according to city records. The property has four tenants. Built in 2022, it’s leased to...Read more below!

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April 22, 2025 | Cape Cod Times

kevin.l@newmanprops.com (Kevin Leech) — Fri, 02 May 2025 13:31:20 GMT

Closed assisted living facility in Harwich to open as apartments. Here's what to know.

The former Royal Harwich Village Assisted Living facility in Harwich is set to begin its new life as a housing development later this year. The site at 328 Bank St. has been converted into the Dylan James Apartments featuring 26 new apartments in two side-by-side buildings. The bigger building, built in the 1900s, has four stories, while the smaller one, built in 1985, has two. The mix of units include two studios, eight one-bedrooms, and 16 two-bedrooms. Developers expect the project to be ready for occupancy in August, with showings set to begin in May. Read more below!

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May 1st, 2025 | MassLive / The Republican

kevin.l@newmanprops.com (Kevin Leech) — Fri, 02 May 2025 13:22:07 GMT

Holyoke Landing, location of Popeyes and Starbucks, sold

HOLYOKE — Newman Properties of Brookline in partnership with Atlantic Capital Holyoke Retail purchased the Holyoke Landing shopping center last month for $6.8 million.

Newman announced the purchase Thursday, saying this is its first purchase in Holyoke. Papers were filed with the Hampden Registry of Deeds April 25.

It’s about a two-acre property located at 12-44 Holyoke St. according to city records. Read more below!

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May 1st, 2025 | Boston Real Estate Times

kevin.l@newmanprops.com (Kevin Leech) — Thu, 01 May 2025 16:00:42 GMT

Newman Properties and Atlantic Capital Acquire Fully Leased Holyoke Landing for $6.8 Million

HOLYOKE, MA — Real estate investment firms Newman Properties and Atlantic Capital Holyoke Retail LLC have announced the $6.8 million acquisition of Holyoke Landing, a newly developed retail center located at 12-44 Holyoke Street in Holyoke, Massachusetts.

Completed in 2022 and ideally situated just seconds from the Holyoke Mall, Holyoke Landing comprises two modern commercial buildings anchored by national and regional tenants including Popeyes, Starbucks, Milan Laser Hair Removal, Sleep Number, and a centrally located Tesla charging station. The fully leased property represents a prime retail asset in the Central Massachusetts market. Read more below!

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January 25th, 2025 | Cape Cod Times

kevin.l@newmanprops.com (Kevin Leech) — Mon, 27 Jan 2025 17:22:54 GMT

Sold for $11.5 million. Here's what the new owner has planned.

A Harwich shopping center has sold for $11.5 million, according to the Barnstable County Registry of Deeds . The 1988-built Harwich East Plaza is by the intersection of Orleans-Harwich Road (MA Rte. 39) and Brewster-Chatham Road and features East Harwich Market, Portside Liquors, Sherwin Williams, and the 35-year 400 East Restaurant.The plaza spans 42,987 square feet on 4.6 acres, according to the listing. The property was 86.25% leased , as of Jan. 3. Newman Properties of Brookline bought the site for $11.5 million in December from Burlington-based Linear Retail , which owns and operates retail properties throughout Massachusetts, including the Yarmouth Shopping Center on Station Avenue featuring Stop & Shop and Pilgrim Hill Marketplace in Plymouth.

"We are excited, and plan on running it exactly the same, after making some initial capital improvements and lease up," said Newman Properties Principal and CEO Matthew Newman in an email. "We are happy to have the existing tenants in the plaza and looking forward to to adding some synergistic tenants into the mix."

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January 7th, 2025 | NBC Boston

kevin.l@newmanprops.com (Kevin Leech) — Wed, 08 Jan 2025 13:54:23 GMT

New Commercial Acquisition in Harwich!

By Grant Welker • Published January 7, 2025 • Updated on January 7, 2025 at 2:39 pm

A shopping center in the Cape Cod town of Harwich has sold for $11.5 million.

The property, Harwich East Plaza, includes several restaurants, a liquor store, convenience store, a fitness studio, paint store and others.

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July 19, 2021 | New Acquisition! 120 London Street, East Boston.

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 19 Jul 2021 17:24:14 GMT

New Acquisition! 120 London Street, East Boston.

Newman Properties just acquired 120 London Street in East Boston, Massachusetts in order to complete a 1031 exchange. The five unit brick building is centrally located and a short walk to Maverick Square.

Property management company expands Onset holdings

duncan.shea@appfolio.com (Appfolio Websites) — Wed, 26 May 2021 16:30:47 GMT

Newman Properties, which purchased seven buildings in Onset back in October, has purchased two more Onset buildings, adding a total of ten new apartments to the company’s portfolio.

The properties are located at 4-6 W Central Ave. and 17 Union Ave., and both were purchased directly from the seller without a broker.

“We decided to add to our portfolio in this area because we felt these properties would fit in nicely with our existing portfolio in the Onset and Buzzards Bay area,” said Shoshana Baraschi-Ehrlich, the marketing coordinator for the company.

In October, the company purchased seven buildings in Onset. With the addition of the two new buildings, the company now owns 68 apartments and 12 commercial rentals in Onset, and Baraschi-Ehrlich said the company will likely continue to expand its holdings in the area.

Only one unit owned by the company in Onset is currently available: A small studio apartment ringing in at $1,300 per month, including utilities.

Sale of 202-204 Lexington - NEREJ

duncan.shea@appfolio.com (Appfolio Websites) — Thu, 06 May 2021 18:56:18 GMT

For the article please click here

Retail center in Warwick sells for $5.8M

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 22 Mar 2021 13:30:01 GMT

Providence Business News - Retail center in Warwick sells for $5.8M

WARWICK – A fully occupied retail center at 1191 Division St. sold recently for $5.8 million, according to city real estate records.

Newman Properties, based in Brookline, Mass., through its affiliate, Atlantic Capital Retail LLC, was the buyer.

Horvath and Tremblay, a commercial real estate company based in Lynnfield, Mass., represented Atlantic Capital Retail in the transaction. Financing was provided by BankFive, based in Fall River.

The 8,000-square-foot retail marketplace was constructed last year and is occupied by tenants, including Starbucks, Chipotle and Orange Theory.

Atlantic Capital Retail LLC Purchase of Retail Property

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 15 Mar 2021 20:22:26 GMT

Newman Properties' Affiliate Atlantic Capital Retails First Property Purchase

Warwick, RI- On February 18th Newman Properties’ affiliate Atlantic Capital Retail LLC purchased an 8,000+/- sq ft retail shopping center located at 1191 Division St in Warwick, Rhode Island. Horvath and Tremblay Commercial RE represented the Buyer in the transaction. The purchase price for the property was $5,750,000. Financing was provided by BankFive, headquartered in Fall River, MA.

Constructed in 2020 by The Dartmouth Companies operating as 1191 Division Street Development, this ideally located marketplace is home to Starbucks, Chipotle, and Orange Theory, all of which are signed to long-term leases and are doing well. Looking to expand its portfolio and expand into the NNN retail arena, Atlantic Capital Retail LLC decided to purchase this commercial retail property because it’s brand new, has high profile long-term tenants, and is situated in one of the most sought-after areas in all of Rhode Island.

With a distinguished portfolio of residential and commercial properties, Newman Properties and its affiliates own and/or manage over 650 residential units as well as office and retail space. The company has bought and sold over $500 million worth of property in the areas surrounding Eastern MA and RI!. Currently, the company has projects in the pipeline that include condo conversions, renovations, and value-added projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

Newman Properties is FEATURED as one of Boston's Best property managers!

duncan.shea@appfolio.com (Appfolio Websites) — Fri, 06 Nov 2020 17:31:19 GMT

Find our the award listing HERE

October 13, 2020 | South Shore Rentals Purchase of Seven Buildings in Onset & Wareham, MA

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 13 Oct 2020 16:39:29 GMT

Onset/ Wareham, MA - Newman Properties’ affiliate South Shore Apartments, LLC has purchased a portfolio of 7 buildings in Onset & Wareham, MA. The total price for the package was $8,282,000. Financing was done through Norwood Bank.

The portfolio consists of a total of 70 units, of the 70 units 58 are apartments that consist of a mix of studios, 1-bedrooms, 2-bedrooms, and one three-bedroom apartment. The other 12 units consist of commercial and office suites.

Matthew Newman, Principal, and CEO of Newman Properties explains why the company decided to purchase the large portfolio: “We have been shifting our attention to property acquisitions on the South Shore the past 2-3 years, looking for opportunities to buy and add value to multi-family and mixed use properties”.

Onset is a historic Victorian waterfront community in the Town of Wareham, Massachusetts on the shores of Buzzards Bay. Built in the 1800s as a self-sufficient resort community, most of the original storefronts and cottages remain, allowing it to retain the Victorian charm of the era. Its location on Buzzards Bay offers pristine beaches, excellent kayaking, biking, fishing, and boating opportunities, and beautiful vistas. Only 45 miles from Boston and Providence, it’s an easy drive that bypasses the heavy traffic associated with crossing the Sagamore and Bourne Bridges. For visitors who also want to visit the sites on the Cape Cod, it’s only 2 miles from the Cape Cod Canal, and its lovely bike trails.

With a distinguished portfolio of residential and commercial properties, Newman Properties and its affiliates, own and manage over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million worth of property in the areas surrounding Boston, the South Shore, and North Shore! Currently, the company has projects in the pipeline that include condo conversions, renovation, and add-value projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

September 10, 2020 | Newman Properties Winthrop Purchase

duncan.shea@appfolio.com (Appfolio Websites) — Thu, 10 Sep 2020 16:10:08 GMT

Newman Properties Purchase of 87-90 Winthrop Shore Dr, Winthrop, MA

Winthrop, MA - Newman Properties’ affiliate Dighton Gardens LLC has purchased a 38-unit, residential property at 87-90 Winthrop Shore Dr, Winthrop, MA. This is the first residential property purchased in Winthrop, as they look to expand their portfolio North of Boston. The purchase price for the property was $6,000,000. Financing was provided by Hanscom Federal Credit Union. This acquisition was part of a 1031 tax exchange.

This asset is broken up into two neighboring buildings, with 19 units in each structure. A paved courtyard joins the two addresses to create the feeling of a singular complex. At 5.3 miles from downtown boston, this asset features quick access to downtown and the airport, while providing beachfront living with spectacular views for the residents. The buildings consist of a total of 11-2 bedrooms, 5-1 bedrooms, and 23 studios.

Matthew Newman, Principal and CEO of Newman Properties, commented that after 15+ years of success in the East Boston market, the company is looking to expand into towns North of Boston and have started with Winthrop and Salem. There are colleges, hospitals, and quaint yet bustling downtown areas. He feels these oceanfront communities have tremendous appeal and value for people moving out of the immediate Boston neighborhoods.

Settled in 1630, Winthrop is one of the oldest communities in the country. It was named for John Winthrop; a governor of Massachusetts and John’s son Deane Winthrop’s home, built in 1637 is now an historic site and museum. On one side of Winthrop there is a panoramic view of the outer harbor and on the other a view of the Boston Skyline and the inner harbor. In between, we have the look of a quaint and friendly New England town with shops, parks, marinas, inns and miles of lovely beaches. An excellent public transportation system brings people to Winthrop from Boston in just 20-minutes and from the airport in five. Winthrop is also just a short boat ride away from many communities on both the North and South Shore.

With a distinguished portfolio of residential and commercial properties, Newman Properties and its affiliated companies, own and manage over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million dollars worth of property in the areas surrounding Boston, the South Shore, and now the North Shore! Currently, the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

June 5, 2020 | New England Real Estate Journal

duncan.shea@appfolio.com (Appfolio Websites) — Tue, 09 Jun 2020 16:24:38 GMT

Newman Properties sells three multifamily buildings for $6 million

Brighton, MA Dighton Gardens, LLC, completed the sale of three separate buildings with a total of 13 units at 25, 29, & 37 Dighton St. The buyer was 25-29-37 Dighton LLC. Aurel Garban of Unlimited Sotheby’s International Realty represented the buyer in the sale. The asset sold for $6 million and is part of a 1031 tax-free exchange.

Matthew Newman, principal, and CEO of Newman Properties explains why the company decided to sell the asset, “We have owned and operated this asset for over 16 years, and was our last property in the Allston/Brighton area. We decided to sell and redeploy the capital into neighborhoods that we have been more focused on, areas such as East Boston, South Boston and the South Shore.”

Newman Properties has owned and operated 25, 29, 37 Dighton St. since April 2004. The buildings consist of 13 units; three one-bedroom, eight two-bedroom, one three-bedroom, two-bathroom, and one four-bedroom, one-bathroom. The buildings feature amenities such as a coin-op laundry and three parking areas with over 30 parking spaces.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail space. The company has bought and sold over $500 million worth of property in the areas surrounding Eastern, Mass. Currently, the company has projects in the pipeline that include condo conversions, renovations, and value-added projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 29, 2020 | Patch.com

Fri, 29 May 2020 18:18:17 GMT

Sale of 25, 29, 37 Dighton St, Brighton, MA

Brighton, MA - Dighton Gardens, LLC, completed the sale of three separate buildings with a total of 13 units at 25, 29, & 37 Dighton Street in Brighton, MA. The buyer was 25-29-37 Dighton LLC. Aurel Garban of Unlimited Sotheby's International Realty represented the buyer in the sale. The asset sold for $6 million and is part of a 1031 tax-free exchange.

Matthew Newman, Principal, and CEO of Newman Properties explains why the company decided to sell the asset, “We have owned and operated this asset for over 16 years, and was our last property in the Allston/Brighton area. We decided to sell and redeploy the capital into neighborhoods that we have been more focused on areas such as East Boston, South Boston, and the South Shore.”

Newman Properties has owned and operated 25, 29, 37 Dighton St since April 2004. The buildings consist of 13 units; three one-bedroom, eight two-bedroom, one three-bedroom, two-bathroom, and one four-bedroom, one-bathroom. The buildings feature amenities such as a coin-op laundry and three parking areas with over 30 parking spaces.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail space. The company has bought and sold over $500 million worth of property in the areas surrounding Eastern, MA. Currently, the company has projects in the pipeline that include condo conversions, renovations, and value-added projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

Top Financial Resources to Support Your Residents

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 30 Mar 2020 17:27:09 GMT

By Brittany Benz

The team at Newman Properties, cares for each and everyone of our tenants, and hope that during this difficult time you maintain some method of income. Unfortunately, like many Americans, this is not the case. We hope that the below resources will be of some help to you and yours.

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As COVID-19 has evolved into a pandemic, many businesses — big and small — have been forced to close their doors, causing a spike in unemployment. According to The Guardian, a record 3.3 million people filed claims for unemployment in the United States last week, and this number is only expected to grow.

Many property and community association managers are concerned about their residents health, safety, and financial well-being. Fortunately, there are many organizations out there that have quickly mobilized funds and assistance to ease these financial hardships. Here’s a list of resources you can send to your residents to help support them during this tough time:

Financial Resources:

U.S. Department of Labor

A cabinet-level department of the U.S. federal government, the Department of Labor is responsible for occupational safety, wage and hour standards, unemployment insurance benefits, and more. Their unemployment insurance programs provide benefits to eligible workers who become unemployed due to coronavirus.

One Fair Wage

Led by advocates for restaurant workers, One Fair Wage is a nonprofit, non-governmental organization. Right now they are providing cash assistance to restaurant workers, car service drivers, delivery workers, and personal service workers who are financially struggling due to temporary unemployment.

U.S. Small Business Administration

A U.S. government agency, the SBA provides support to entrepreneurs and small businesses. At the moment they are currently offering low-interest loans of up to $2 million to small businesses and nonprofits in certain states that have been impacted by COVID-19.

Restaurants Care

With the goal of promoting the health and prosperity of the foodservice industry, Restaurants Care is offering grants to restaurant workers who have tested positive for coronavirus, if they are a caregiver for an immediate family member who has contracted the disease, or if they have been out of work for 3+ weeks with no unemployment benefits.

National Domestic Workers Alliance

An advocacy organization promoting the rights of domestic workers in the U.S, the National Domestic Workers Alliance has created a Coronavirus Care Fund to provide emergency assistance for domestic workers, so they can stay home and healthy. Every qualifying applicant can receive up to $400 in emergency assistance from the fund.

USBG National Charity Foundation

The United States Bartenders Guild (USBG) is a professional and philanthropic organization for bartenders across the country. To help those in need, they are offering loans to bartenders who are out of work due to COVID-19.

Savi

A social impact technology startup, Savi works to solve the student debt crisis by helping student loan borrowers better understand their debt. Currently, they are providing assistance to borrowers who lost their jobs with a Free COVID-19 Student Loan Aid Tool, that helps determine if you’re eligible to lower or eliminate your student loan payments at this time.

Americans for the Arts

With offices in Washington, D.C. and New York City, Americans for the Arts is a national nonprofit organization that focuses on advancing the arts in the United States. In response to corona virus, they have created a full list of corona virus resources that are offering funds and grants for artists, performers, and musicians who have experienced disruptions in their employment.

During this time of uncertainty, it’s important to stay positive and remain proactive. With the right financial resources, your residents can get the support they need to make it through. Keep your resident communications informative and helpful, so they know you are doing everything you can to ease the situation. We will continue to refresh this blog post in the coming weeks with more financial resources as they become available.

COVID-19: What you can do right now to stay safe

shoshana@newmanprops.com (Shoshana Baraschi-Ehrlich) — Fri, 20 Mar 2020 16:04:48 GMT

To Our Tenants

As Covid-19 continues to spread and so much feels out of our control, we wanted to reach out to our tenants to reassure you that we are here for you, and remain committed to your safety and security.

With that being said, given the escalation of local governments’ guidance within some of our communities, we have begun to work from home and will continue to do so, until it is safe to return to our office.

The team at Newman Properties wants to ensure each of our tenants that we are still here for you, and accessible via our normal phone number, (617)739-5452. If any issues arise regarding your unit or building, your respective property managers are still available via phone and email and will do their absolute best to attend to any issues that may arise during this time. Again, we appreciate each of you and hope that you and your loved ones stay safe and healthy.

Although so much is out of our control, we wanted to provide some helpful articles that may aid in addressing home safety, cleanliness, and keeping loved ones healthy.

CDC- Caring For Someone At Home

Medical News Today- How to Stay Safe Where You Live

Centra State Health Care System- Keeping Your Home Safe From Covid-19

February 14, 2020 | New England Real Estate Journal

duncan.shea@appfolio.com (Appfolio Websites) — Thu, 27 Feb 2020 15:04:12 GMT

Newman Properties purchases a 26-unit property for $4.275 million

Salem, MA Newman Properties has purchased a 26-unit, brick residential property at 233 Lafayette St. This is the first residential property purchased by Newman Properties in the city, as they look to expand their portfolio in this area. Little & Company was the listing broker representing the seller, Brian DaPice of the Mega Group represented Newman Properties. The purchase price for the property was $4.275 million. Financing was provided by Winchester Savings Bank.

The property, which has been known as The Saltonstall Apartments was named after Col. Nathaniel Saltonstall, who was well known in town in the late 1600s. The building consists of six two-bedrooms, twelve one-bedrooms, five studios, and three efficiency units.

Matthew Newman, principal and CEO of Newman Properties, commented that he really likes the Salem, Beverly, Peabody and Marblehead areas. There are colleges, hospitals, and quaint yet bustling downtown areas. He feels these oceanfront communities have tremendous appeal and value for people moving out of the immediate Boston neighborhoods.

This particular property is centrally located, with access to Salem State, the downtown historic district, and Salem Harbor. With deep roots in American history, Salem is bursting with culture. Salem is home to the House of Seven Gables, Salem State University, Pioneer Village, the Salem Maritime National Historic Site, Salem Willows Park, and the Peabody Essex Museum. It features historic residential neighborhoods such as the Federal Street District and the Charter Street Historic District.

February 12, 2020 | Boston Real Estate Times

Wed, 12 Feb 2020 14:55:35 GMT

Salem, MA- Newman Properties has purchased a 26-unit, brick residential property at 233 Lafayette Street in Salem, MA.

This is the first residential property purchased by Newman Properties in Salem, as they look to expand their portfolio in this area. Little & Company was the listing broker representing the seller, Brian DaPice of the Mega Group represented Newman Properties. The purchase price for the property was $4,275,000. Financing was provided by Winchester Savings Bank.

The property, which has been known as The Saltonstall Apartments was named after Col. Nathaniel Saltonstall, who was well known in Salem in the late 1600’s. The building consists of six two-bedrooms, twelve one-bedrooms, five studios, and three efficiency units.

Matthew Newman, Principal and CEO of Newman Properties, commented that he really likes the Salem, Beverly, Peabody and Marblehead areas. There are colleges, hospitals, and quaint yet bustling downtown areas. He feels these oceanfront communities have tremendous appeal and value for people moving out of the immediate Boston neighborhoods.

This particular property is centrally located in Salem, MA, with easy access to Salem State, the entire downtown historic district, and Salem Harbor. With deep roots in American history, Salem is bursting with culture. Salem is home to the House of Seven Gables, Salem State University, Pioneer Village, the Salem Maritime National Historic Site, Salem Willows Park, and the Peabody Essex Museum. It features historic residential neighborhoods such as the Federal Street District and the Charter Street Historic District.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million dollars worth of property in the areas surrounding Boston, Massachusetts’ South Shore, and now North Shore! Currently, the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

January 3, 2020 | New England Real Estate Journal

Fri, 03 Jan 2020 17:34:41 GMT

Newman Real Estate Completes $2.6m Apartment Building Sale

Allston, MA Newman Real Estate Investment LP, completed the sale of a seven-unit apartment building located at 1 Linden St. The buyer was 140 Minden, LLC. This was a direct deal between buyer and seller with no broker involvement. The asset sold for $2.6 million and is part of a 1031 tax-free exchange.

Matthew Newman, principal, and CEO of Newman Properties explains why the company decided to sell the asset, “Ultimately, the decision to sell the property was to free up capital for growth opportunities on the North Shore of Massachusetts. Our goal in the coming year is to expand our portfolio in the North Shore area.”

Newman Properties has owned and operated the 1 Linden since 2003. The building consists of seven apartments; one studio, four one-bedrooms, one two-bedroom, and one three-bedroom/two bathroom. The property also has billboards on the roof with visibility via the Mass Tpke. driving in and out of Boston. The building features amenities such as a laundry room in the building, professional management, unbeatable skyline views of Boston, and access to public transit. Several of the apartments were renovated over the past few years.

Currently, the company has projects in the pipeline that include condo conversions, renovation, and value-added projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

January 3, 2020 | New England Real Estate Journal

Fri, 03 Jan 2020 15:28:00 GMT

Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million worth of property in the areas surrounding Boston and the South Shore.
Currently, the company has projects in the pipeline that include condo conversions, renovation, and value-added projects, as well as buy and hold projects. Additionally, the company is overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

January 3, 2020 | Real Estate By Boston.com & Globe.com

Fri, 03 Jan 2020 15:16:00 GMT

City Realty Buys Property Next to Allston Development

Brookline-based City Realty has acquired an apartment building in Allston for $2.6 million next to its recently approved $127 million Allston Square development.

Brookline-based Newman Properties sold the seven-unit building at 1 Linden St. for $2.6 million as part of a 1031 exchange to free up capital for acquisitions on the North Shore in 2020, CEO Matthew Newman said in a statement. Newman Properties acquired the property for $919,000 in 2003.
In November, City Realty received Boston Planning and Development Agency approval to build 244 condominiums and 103 apartments at its six-building Allston Square project, including renovation of the former Jack Young Auto Parts building at the corner of Cambridge and Linden streets.

December 16, 2019 | Banker & Tradesman

duncan.shea@appfolio.com (Appfolio Websites) — Mon, 16 Dec 2019 15:08:15 GMT

Newman Real Estate completes $2.6m Apartment Building Sale

Newman Properties has owned and operated the 1 Linden since 2003. The building consists of seven apartments; one studio, four one-bedrooms, one two-bedroom, and one three-bedroom/two bathroom. The property also has billboards on the roof with visibility via the Mass Turnpike driving in and out of Boston. The building features amenities such as a laundry room in the building, professional management, unbeatable skyline views of Boston, and access to public transit. Several of the apartments were renovated over the past few years.

August 17, 2018 | New England Real Estate Journal

Fri, 17 Aug 2018 16:34:00 GMT

P&N Investments purchases 4-unit multifamily for $790,000

P&N is a partnership between Matthew Newman, principal of Newman Properties, and Tanner Payne, principal of Apex Real Estate Group. P&N specializes in the acquisition of investment properties with a portfolio that includes retail, commercial and multi-family residential properties.

In the past few years, P&N has focused on Chelsea as one of its primary markets. “We feel that there is great value in Chelsea due to its close proximity to Boston and the waterfront. Research shows that Chelsea has experienced strong growth and demand in the past few years and that this trend will continue in the future,” said Newman.

The residential property has four apartments consisting of two, two-bedrooms and two, three-bedrooms. The property is currently undergoing renovations, so all units will feature modern upgrades and appliances.

Located in the Broadway neighborhood of the city, the property is in the center of a developing community on the Boston Harbor. The neighborhood offers an inner-city feel with many advantages of living right outside of Boston.

The area is populated with many young professionals and families, who live in a variety of townhomes, residential properties, commercial properties, and apartment complexes in the neighborhood. The property is commuter friendly as well, located near the new silverline bus stop and the commuter rail. Residents can travel to North Station in under 20 minutes via commuter rail and to South Station in under 30 minute via silver line bus.

August 10, 2018 | New England Real Estate Journal

Mon, 13 Aug 2018 12:31:00 GMT

Havre Street Apartments LLC, a partner of Newman Properties, purchases three-unit building for $900,000

The three, two-bedroom apartments are currently undergoing renovations, which will include the design and installation of modern kitchens with granite counter-tops and stainless steel appliances, as well as new hardwood floors, new windows and new in-unit laundry.

The property is located in the Maverick Sq. neighborhood, a centralized location that is accessible to the entire city of Boston via five local T-stops, the water ferry, and the water taxi. The neighborhood is one of the city’s oldest commercial center and sits across from the harbor, the financial district, and the North End. Maverick Sq. offers shopping, dining and entertainment options, making it a very attractive place to live.

Newman Props. owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

July 31, 2018 | Banker & Tradesman

Wed, 01 Aug 2018 13:47:00 GMT

Joint Venture Acquires Chelsea Apartment Building

P&N is a partnership between Matthew Newman, Principal of Newman Properties , and Tanner Payne, Principal of Apex Real Estate Group. P&N specializes in the acquisition of investment properties with a portfolio that includes retail, commercial and multi-family residential properties.

Located in the Broadway neighborhood of Chelsea, the property is in the center of a rapidly developing community on the Boston Harbor. The neighborhood offers an inner-city feel with many advantages of living right outside of Boston. The area is populated with many young professionals and families, who live in a variety of townhomes, residential properties, commercial properties, and apartment complexes in the neighborhood. The property is commuter friendly as well, located near the new silverline bus stop and the commuter rail. Residents can travel to North Station in under 20 minutes via commuter rail and to South Station in under 30 minute via silver line bus.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $500 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

June 5, 2018 | Boston Real Estate Times

Tue, 05 Jun 2018 17:36:00 GMT

June 5, 2018 | Boston Real Estate Times

Whitman, MA – Coleross James LLC, an entity of Newman Properties , purchased William Waye, a townhouse community, located at 855 Temple Street in Whitman. The purchase price was $7,000,000 and financing was provided by Norwood Bank. The property was purchased directly from Etta Properties LLC, in an off-market transaction.

Matthew Newman, principal and owner of Newman Properties, explains why the company decided to purchase the property, “Whitman is a great town, and this was an opportunity to buy 24 brand-new, high-quality construction townhouses. The location is ideal as it is only a 30 minute commuter train ride into South Station. Our company has been looking to increase our South Shore presence, and this property is a perfect fit. We are continuing our search for additional apartment rental communities and properties from Quincy to Hyannis along the South Shore.”

William Waye is located just outside the center of Whitman, directly off of Route 27. The property is easily accessible to Route 18 and Route 123. Local schools are just a few miles away, including: Louise A Conley, Whitman Middle and Whitman Hanson Regional. Public transportation is accessible via Whitman’s MBTA commuter rail stop, which is less than three miles away.

The property features 24 newly constructed townhouses. The townhouses were constructed between 2014 – 2016 and are approximately 1300 square feet in size. Each townhouse has three bedrooms, one full-bathroom, and one half-bathroom. They come equipped with stainless steel appliances, granite countertops, hardwood floors, central AC, and laundry hook-ups. All townhouses provide tenants with off-street parking, full basements and deck patios.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

June 1, 2018 | New England Real Estate Journal

Fri, 01 Jun 2018 17:33:00 GMT

Newman Properties purchases 24-unit William Waye for $7 million – financing provided by Norwood Bank

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 29, 2018 | Banker & Tradesman

Tue, 29 May 2018 17:38:00 GMT

Townhouse-Style Complex Sold for $7M

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 22, 2018 | Wicked Local, Abington

Tue, 22 May 2018 17:24:00 GMT

Newman Properties purchases Abington apartment building

Abington, MA – Coleross James LLC, an entity of Newman Properties , purchased a multi-unit residential property at 120 North Avenue. The purchase was part of a 1031 tax-free exchange. Financing for the $1.25 million dollar investment was provided by Winchester Savings Bank via a 7-year fixed rate mortgage.

Newman Properties , a real-estate investment and management firm located in Brookline MA, coordinated the investment with listing brokers Evan Griffith and Tony Pepdjonovic of Marcus & Millichap.

“We are shifting our attention to property acquisitions on the South Shore with opportunities to buy, add value, and rent” explains Matthew Newman, principal and owner of Newman Properties on why the company decided to purchase the property.

The residential property has 10 apartments consisting of one-bedroom and two-bedroom units. There is also a large, off-street parking lot, which provides ample parking for tenants. The property is within two miles of highly-rated public schools, including: Beaver Brook Elementary School, Woodsdale Elementary School, Abington Middle School and Abington High School. It is also easily accessible to the commuter rail and just a 30 minute train ride to South Station.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 18, 2018 | New England Real Estate Journal

Fri, 18 May 2018 17:32:00 GMT

Newman Properties purchases The Rice Building for $2.7 million

Rockland, MA – Newman Properties , a real-estate investment and management firm located in Brookline MA, purchased The Rice Building, a mixed-use property located at 346 Union Street. The purchase price was $2.7 million and financing was provided by Winchester Savings Bank. Newman Properties, coordinated the acquisition through Marcus & Millichap’s Boston office, who had listed the property.

Matthew Newman, principal and owner of Newman Properties, explains why the company decided to purchase the property, “We have a large presence in Boston and are looking to expand our portfolio on the South Shore with opportunities to buy, add value, and rent. Our current South Shore portfolio includes Village Green Apartments, a nineteen-unit apartment complex located on the Hyannis Town Green, Cape Cod Canal Apartments, a twenty-four unit apartment complex located on the canal in Buzzards Bay, and others including apartment complexes in Plymouth, Abington, and Whitman.”

The Rice Building is located in the center of Rockland, just off Route 123 and Route 139, with easy access to Route 3. The town of Rockland is incredibly enthusiastic to be working with Newman Properties on revitalizing the downtown area of Rockland, this property being a key piece to the downtown area.

The mixed-use property features three commercial units and twenty apartments. Currently, one of the three commercial units is vacant and has received strong interest as a retail space and/or restaurant. The twenty apartments consist of eighteen one-bedrooms and two studios, all of which have beautiful hardwood floors. The property features a large parking lot for tenants, a laundry room and a convenient location walkable to the entire downtown area.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 17, 2018 | Banker & Tradesman

Thu, 17 May 2018 17:23:00 GMT

Entity of Newman Properties Acquires Abington Residential Property

Newman Properties , a real-estate investment and management firm located in Brookline MA, coordinated the investment with listing brokers Evan Griffith and Tony Pepdjonovic of Marcus & Millichap.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 9, 2018 | New England Real Estate Journal

Wed, 09 May 2018 17:19:00 GMT

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 8, 2018 | Wicked Local, Rockland

Tue, 08 May 2018 17:30:00 GMT

Newman Properties purchases Rice Building in Rockland

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

May 2, 2018 | Banker & Tradesman

Wed, 02 May 2018 17:28:00 GMT

Brookline Investor Buys Rockland Property for $2.7M

With a distinguished portfolio of residential and commercial properties, Newman Properties owns and manages over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has projects in the pipeline that include condo conversions, renovation and add-value projects, as well as buy and hold projects. In addition, the company is currently overseeing multiple developments, including ground-up construction projects, and is seeking new acquisitions.

April 20, 2018 | New England Real Estate Journal

Fri, 20 Apr 2018 17:18:00 GMT

Newman Properties sells Colonial Arms Apartments for $5.4 million

Framingham, MA – Coleross James LLC, an entity owned by Newman Properties , completed the sale of Colonial Arms Apartments. Chuck Silverston of Unlimited Sotheby’s International Realty represented the buyer . The asset sold for $5.4 million dollars and will be part of a 1031 tax free exchange.

“Framingham is a strong market, but we are shifting our focus to the South Shore,” said Matthew Newman, principal and owner of Newman Properties on why the company decided to sell the property.

Coleross James LLC owned Colonial Arms Apartments for 8 years. The property includes two brick buildings, located at 3 & 5 Beaver Park Road. Colonial Arms Apartments contain 36 apartments including studios, one bedrooms and two bedrooms. Many updates were made to the property by Newman Properties including new windows and sliding glass doors as well as a new hot water system. Tenants have access to a coin operated laundry room on the first floor each building as well as a large parking lot with ample parking.

With a distinguished portfolio of residential and commercial properties, Newman Properties owns over 500 residential units as well as numerous office and retail properties. The company has bought and sold over $250 million dollars worth of property in the areas surrounding Boston and Massachusetts’ South Shore. Currently the company has acquisitions that are being converted to condos, some as renovation and add-value projects, others are buy and hold projects. In addition, the company is currently overseeing three development, ground-up construction projects, and is seeking new acquisitions.

April 11, 2018 | Banker & Tradesman

Wed, 11 Apr 2018 17:15:00 GMT

Brookline Investor Looks for South Shore Acquisitions

“Framingham is a strong market, but we are shifting our focus to the South Shore,” said Matthew Newman, principal and owner of Newman Properties on why the company decided to sell the property.

April 6, 2018 | Boston Real Estate Times

Fri, 06 Apr 2018 16:26:00 GMT

Colonial Arms Apartments in Framingham Sold for $5.4 Million

“Framingham is a strong market, but we are shifting our focus to the South Shore,” said Matthew Newman, principal and owner of Newman Properties on why the company decided to sell the property.

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