Quarterpath Place apartments sell for $4.3 million in Williamsburg

Paula C. Squires// November 21, 2013//

Listen to this article

An investor group formed by Harrison and Lear Inc. has acquired the 54-unit Quarterpath Place Apartments in Williamsburg for $4.3 million, or about $80,000 per unit.

The complex was purchased and renovated in 2010 by Spyrock Real Estate. It consists of all two-bedroom, two-bathroom units and was 95 percent occupied at the time of sale.

Harrison and Lear Inc. will be the managing agent for the buyer, Quarterpath Place LLC, an investor group formed by Harrison and Lear, a Hampton-based real estate firm that owns and manages about 1,000 apartment units in the region.

Jonathan Skinner of Harrison and Lear represented the buyer in the transaction. Ryan Fanelli of Commonwealth Commercial represented the seller, 401 York Street LP, an investor group formed by Spyrock.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Select Region or Brand

Upcoming Event