Boston Realty Advisors has been selected as the exclusive advisor for the sale of Beacon Fairbanks Manor, a 56-unit, 100 percent market-rate multifamily property located in Brookline, Massachusetts. The assignment, announced by the Boston-based real estate firm, signals ongoing demand for well-located apartment buildings in one of Greater Boston's most supply-constrained submarkets. Chestnut Hill Realty, a leading New England multifamily owner and manager, has retained Boston Realty Advisors to market the property.
The property's classic architecture, high ceilings, prominent corner presence, and established market-rate tenancy support a durable in-place investment, according to the announcement. The building sits between Washington Square and Coolidge Corner, placing residents within walking distance of two of Brookline's most established neighborhoods, both offering a variety of retail, dining, and other amenities. That location is a key selling point, as it provides residents with convenient access to some of the area's most vibrant commercial districts while maintaining a residential feel.
The sale effort comes at a time when multifamily properties in Greater Boston continue to attract significant investor interest, particularly those with strong in-place cash flow and value-add potential. Brookline, known for its highly rated schools and limited new construction, remains a desirable market for both renters and investors. The property's 100 percent market-rate status means there are no affordable housing restrictions, giving a buyer flexibility to adjust rents or renovate units to increase returns.
For Chestnut Hill Realty, the decision to sell Beacon Fairbanks Manor represents a strategic move to recycle capital as it continues to manage a portfolio of 32 apartment properties totaling approximately 5,000 units across Greater Boston and Providence. The company, founded in 1969 and headquartered in Chestnut Hill, Mass., is a prominent player in the New England multifamily sector, and the sale of this asset could free up resources for other acquisitions or redevelopment projects.
Boston Realty Advisors, founded in 2001, is a privately held, locally operated real estate firm and a leader in the middle markets, focusing on investment sales, corporate real estate, and retail. The firm's selection as the exclusive advisor underscores its expertise in marketing multifamily assets in the Boston area. Those interested in the full announcement, including downloadable images and bios, can click here. More information about Boston Realty Advisors is available at www.bradvisors.com, while details on Chestnut Hill Realty can be found at www.chr-apartments.com. The announcement was distributed by Reportable, Inc.
The offering of Beacon Fairbanks Manor will test investor appetite for market-rate multifamily in a supply-constrained, high-barrier-to-entry suburb. Successful sales in such locations often set benchmarks for pricing and cap rates, influencing future transactions and development plans in the region. The outcome of this sale could also signal whether investors are willing to pay a premium for properties with strong fundamentals amid a shifting interest rate environment. For now, the property's enduring appeal lies in its location, physical attributes, and established rental income, making it a notable opportunity in the Boston multifamily market.
