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Michael Carucci, Executive Vice President of Gibson Sotheby's International Realty, Brokers the Sale of 195-207 Hildreth in Lowell for $5,850,000

BOSTON, June 2, 2015 (GLOBE NEWSWIRE) -- Michael Carucci, Executive Vice President of Gibson Sotheby's International Realty, brokers the sale of 195-207 Hildreth in Lowell for $5,850,000. 195-207 Hildreth or Parkside Village is a 99-unit affordable housing community. Located in a quiet neighborhood, this eight building complex consists of 1 studio, 13 one-bed, 86 two-bed units, and 96 parking spaces on approximately 2.43 acres. The property is in exceptional condition and is a remarkable investment opportunity. Mr. Carucci represented the buyer and the seller in the transaction.

About Michael:

For more than 20 years, Michael Carucci has been one of the most trusted names in the Boston real estate market. Michael is consistently ranked in the top one percent in real estate sales volume for the Greater Boston area. He was ranked 8th for Boston sales in 2014, and is currently listed as 5th with nearly $25 million in sales for the first quarter of 2015. Michael was also ranked in the top 20 among all agents in Massachusetts sales last year with more than $70 million.

Michael's client list includes the Boston Red Sox, Taurus Investments, Fidelity Investments, Bain & Company, Winn Development, The Mt. Vernon Companies, The Boston Celtics, Massachusetts General Hospital, Centremark Properties, The Boston Bruins, Beth Israel Hospital, and Area9.

A recognized expert in Boston's residential and commercial real estate market, he has been quoted in The Boston Globe, The Boston Herald, Boston Business Journal, and Banker & Tradesman. Michael is also a contributing editor for Boston Common Magazine.

CONTACT: Patricia McIntyre Executive Assistant Gibson Sotheby's International Realty 617-262-1900Source:Carucci Group