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WINTHROP, MASS. — Marcus & Millichap has arranged the sale of Shore Drive Apartments, a 71-unit property in Winthrop, roughly 7 miles north of downtown Boston, for $10.8 million. Evan Griffith, Tony Pepdjonovic and Will Sanborn of Marcus & Millichap’s Boston office marketed the property on behalf of the seller and procured the buyer. Neither party’s identity was disclosed.
Located at 91 Veterans Road, Shore Drive Apartments offers studio, one-, and two-bedroom units. The property sustained fire damage in 2024, and plans for reconstruction have been developed. Plans include the addition of 27 new units, which will bring the total unit count to 98 upon completion.