News: Front Section

Benton of Horvath & Tremblay sells two multifamily properties in Brighton, MA for $2.95 million

12-14 Donnybrook Road - Brighton, MA

Brighton, MA Ryan Benton of Horvath & Tremblay has completed the sale of two multifamily properties for a total of $2.95 million. Combined, both of the apartment buildings, 12-14 Donnybrook Rd. and 20-22 Brooks St., consisted of six units and sold for $491,666 per unit.

12-14 Donnybrook Rd., which sold for $1.55 million and $516,667 per unit, is a three-story multifamily building containing a total of three units in 3,308 s/f of livable area (5,185 s/f of gross area) on a 0.13-acre parcel. The property features two two-bedroom/one-bathroom units and one three-bedroom/one-bathroom unit.

20-22 Brooks Street- Brighton, MA

20-22 Brooks St. is also a three-story multifamily building containing a total of three units in 4,073 s/f of livable area (5,883 s/f of gross area) on a 0.32-acre parcel. The property features two two-bedroom/one-bathroom units and one three-bedroom/one-bathroom unit. The asset closed at a sale price of $1.4 million.

Both properties are situated in urban-infill locations in close proximity to the Charles River Greenway, Arsenal Yards and a Target-anchored shopping center, a Whole Foods Market, and 1.5 miles from Watertown Sq., one of the primary commercial districts in the area. Residents in the area are drawn by the proximity to Boston College and Boston University, downtown Boston, major highways, public transportation and the numerous walkable shopping, dining, entertainment, and recreation options. It is also located close to MBTA bus service on Brooks St. (400 feet) or N Beacon St. (0.4-miles) offering access to the popular Express Bus service to Boston’s Back Bay, South Station and Financial District, as well as Cambridge’s Harvard Sq. and Central Sq. The property is also just 1.1-miles from the Boston Landing Train Station, 1.4-miles from the Boston College T-Station, and 1.4-miles from the Warren St. T-Station.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary