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Sveta Vakhitova's Blog

By Sveta Vakhitova | Agent in Boston, MA

Harold Brown expands portfolio with $3M Watertown apartment purchase

The Hamilton Co. has purchased Oakley Court, a 29-unit apartment building in Watertown, Mass. for $3.2 million.

Oakley Court was built in 1942 by James H. Carrig, whose family held the four-story brick property ever since. Upon completion of the acquisition, the complex will be renamed Hamilton Court, according toHarold Brown, founder and chairman of The Hamilton Co.

The complex contains a mix of studios and one-bedroom units. The 900-square-foot studios rent for $1,200 while the 1,600-square-foot one bedrooms lease for $1,600.

Brown has been busy buying up properties this year. The acquisition is Hamilton’s fifth this year, bringing the company’s total purchases to more than $100 million including the Douglas Apartments in Boston for $42 million, Windsor Green in Andover at $62 million and a development parcel at 441 River St. in Waltham for $2.4 million.

Hamilton Co. in Allston owns and manages more than 5,200 residential units and nearly two million square feet of commercial property in Greater Boston.

Source: Boston Business Journal

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