PORTSMOUTH – Bay View Estates has sold for $20.4 million to Schochet Cos., CBRE said on Monday.
Seller Bay View Apartments is a partnership of Massachusetts company Chestnut Hill Realty and Lisco Development, headquartered in Providence. CBRE represented the seller and procured the buyer.
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Schochet Cos. is headquartered in Braintree, Mass.
The apartment community has 130 units, including 72 apartments in an eight-story high rise, 35 apartments in a “garden building” and 23 direct-access apartments in a terrace building, The property spans 29.3 acres.
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The complex also features an outdoor pool and tennis court.
