Baltimore, MD – October 23rd, 2024 – Hyatt Commercial has successfully brokered the sale of a 95-unit portfolio, spread across 79 buildings in Baltimore City, for $8,370,000. This transaction, led by Cecil Cummins and Eric Pinkett, demonstrates the firm’s expertise in navigating complex real estate deals within the Baltimore market.
The Seller, represented by Cummins and Pinkett, praised the team’s approach: “Cecil was diligent and thorough in analyzing our portfolio’s strengths and shortcomings and marketing us to get the best results as we looked to sell.” The Buyer was represented by Yaakov Kanevsky of Midfield Realty.
This sale highlights the growing investor interest in Baltimore, driven by major projects such as Baltimore Peninsula by MAG Partners and Yard 56 by MCB Real Estate. The city’s revitalization, coupled with new tech jobs and decreasing crime rates, continues to attract attention from both investors and future residents.
Read about other recent sales:
Hyatt Commercial Facilitates Sale of Former Rite Aid
Hyatt Commercial Closes Annapolis QSR Site for $2.5mm
Hyatt Commercial Closes 121 Main Street Sale for $1.25 Million