#United States #Baltimore #Real Estate #Baltimorean #Northmarq

Northmarq Concludes $5.95 Million Sale of The Baltimorean

On November 14, 2025, Northmarq's Mid-Atlantic Investment Sales team announced the successful conclusion of the $5.95 million sale of The Baltimorean, a multifamily community comprising 66 units, right across from the esteemed Johns Hopkins University in Baltimore, Maryland. This sale marked a significant transaction in the region's real estate landscape, as it was the first time the property had changed ownership since 1994.

Located at 2905 N. Charles Street, The Baltimorean features a diverse mix of accommodations, including studios and one- and two-bedroom apartments, averaging around 385 square feet per unit. The property was built in 1927 and includes appealing amenities such as two elevators, a fitness room, a management office, and a laundry room, catering to the needs of its residents.

Ari Azarbarzin, Senior Vice President with Northmarq, led the transaction team that included Senior Associate Anthony Pino, Investment Sales Analyst Wallace Halpert, and Associate Jamie Grant. They represented the seller, a local entity known as 2905 N. Charles Street LLC, while the buyer was identified as Real Estate Dimensions, a company well-known for its investments in urban residential properties.

"The Baltimorean is not just a building; it is an iconic asset situated in the vibrant Charles Village community. It holds a prime location across the street from one of the city's most prestigious institutions, Johns Hopkins University," commented Azarbarzin. "Our team was privileged to facilitate this transaction and extend our congratulations to Real Estate Dimensions on acquiring such a noteworthy property."

In the light of urban development and changing demographics, the sale of The Baltimorean indicates a strong demand for residential spaces in proximity to educational institutions and urban amenities. Real Estate Dimensions plans to enhance the property further, aligning it with the evolving market demands while maintaining the character of the historic building.

About Northmarq: Northmarq stands out as one of the leading privately held commercial real estate firms in the United States, merging a nationwide network with substantial regional expertise. The firm, operating over 50 offices nationwide, provides a broad spectrum of services including debt, equity, investment sales, loan servicing, and fund management across various property types. Northmarq manages an impressive loan servicing portfolio exceeding $78 billion and has executed transactions worth approximately $69.5 billion in the last three years alone. The firm prides itself on its collaborative approach, which empowers clients to achieve success in diverse markets throughout the country.

For further insights and information, stakeholders can visit Northmarq's official website. Media inquiries can be directed to Steve Vitoff at Northmarq, available at 516-652-0785 or via email.