{"id":1004115028,"date":"2015-03-06T11:45:55","date_gmt":"2015-03-06T19:45:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=331227"},"modified":"2020-05-22T00:32:55","modified_gmt":"2020-05-22T08:32:55","slug":"charlestown-gatehouse-75-sold-for-54-5-million","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/charlestown-gatehouse-75-sold-for-54-5-million\/","title":{"rendered":"Charlestown Gatehouse 75 Sold for $54.5 Million"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/p>\n

\"Gatehouse<\/a><\/p>\n

Gatehouse 75 – Charlestown, Boston<\/p>\n<\/div>\n

A luxury rental community in the heart of Boston\u2019s historic Charlestown neighborhood near the Gilmore Bridge was recently sold to an affiliate of the Berkshire Group.<\/p>\n

Real estate investment trust Berkshire Income Realty, Inc. reported it has purchased Gatehouse 75, a 99-unit upscale apartment community that was completed in late 2013. According to Commercial Real Estate Direct<\/a><\/em>, Berkshire paid $54.45 million, or $550,000 per unit, for the asset. Berkshire Communities, Berkshire Group\u2019 property management arm, will manage the apartment community.<\/p>\n

Developed by Metric Construction Corp., Gatehouse 75 is located at 75 West School St. within walking distance of the MBTA\u2019s Bunker Hill Orange Line station, and close to I-93 and Logan International Airport. The community sits on a 1.4-acre parcel that used to be the former site of the Charlestown Knights of Columbus Hall, which was demolished to make room for the new residential development. The five-story building, which was designed by Neshamkin French Architects, is inspired by Charlestown\u2019s red-brick residencies and factories and also includes a residents lounge and kitchen, a 2,000-square-foot roof deck, a fitness center and underground parking.<\/p>\n

Gatehouse 75 offers 99 rentals in a mix of one- and two-bedroom units with an average unit size of 968 square feet. According to rent.com<\/a><\/em>, monthly rents at the boutique community start at $2,950 for a one-bedroom and $3,575 for a two-bedroom unit.<\/p>\n

Image via <\/em>Gatehouse 75<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A luxury rental community in the heart of Boston’s historic Charlestown neighborhood near the Gilmore Bridge was recently sold to an affiliate of the Berkshire Group.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004115028","post","type-post","status-publish","format-standard","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"\nCharlestown Gatehouse 75 Sold for $54.5 Million - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/charlestown-gatehouse-75-sold-for-54-5-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlestown Gatehouse 75 Sold for $54.5 Million\" \/>\n<meta property=\"og:description\" content=\"A luxury rental community in the heart of Boston’s historic Charlestown neighborhood near the Gilmore Bridge was recently sold to an affiliate of the Berkshire Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/charlestown-gatehouse-75-sold-for-54-5-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-06T19:45:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T08:32:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Gatehouse-75-Charlestown-Boston.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Charlestown Gatehouse 75 Sold for $54.5 Million\",\"datePublished\":\"2015-03-06T19:45:55+00:00\",\"dateModified\":\"2020-05-22T08:32:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/\"},\"wordCount\":233,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/Gatehouse-75-Charlestown-Boston.jpg\",\"articleSection\":[\"Boston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlestown-gatehouse-75-sold-for-54-5-million\\\/\",\"name\":\"Charlestown Gatehouse 75 Sold for $54.5 Million - 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