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Complex fully occupied, yet sells at post-recession discount mainebiz.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainebiz.biz Daily Mail and Mail on Sunday newspapers.
Cape Cod chocolatier finds a sweet spot in Portland for growing business mainebiz.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainebiz.biz Daily Mail and Mail on Sunday newspapers.
Ned Payne bought 361-367 Cumberland Ave. and 8-10 Alder St. from Ahab Investments LLC for $3.55 million. Chris Sullivan of Vitalius Real Estate Group and Vince Ciampi of Porta & Co. brokered the deal, which closed earlier this fall. The five adjacent buildings occupy the corner of Cumberland and Alder and comprise 28 residential units. Image Courtesy / Ned Payne The multi-family building at 363 Cumberland Ave. in Portland was one of a package acquired in Portland’s Bayside neighborhood. Sullivan has worked with Payne on other multi-family transactions over the past five or six years. The price per unit, $126,785, was on average for the market in Bayside, he noted. ....