 (2).jpg)
News: Front Section
Posted: August 4, 2017
Kelleher and Pentore of Horvath & Tremblay arrange $1.75 million sale
Waltham, MA Dennis Kelleher and John Pentore of Horvath & Tremblay, have arranged the sale of 9-19 Brown St. The 9-unit multi-family property sold for $1.75 million.
9-19 Brown St. is situated in an urban location on a tree-lined residential street, two blocks from Moody St. The location offers a multitude of shopping, dining and entertainment options within walking distance. For public transportation commuters, the bus stop steps from the property at Crescent and Moody St. offers “Express Bus” service to Back Bay and the Financial District in Boston and local service to the Waltham Commuter Rail Station, .8 miles away. The location also benefits from its proximity to the two universities; Brandeis University, 1.5 miles to the west, and Bentley University, 2 miles to the north.
New developments such as “The Merc on Moody and Main” and “1265 Main” add to the area’s appeal. The subject property consists of 7 one-bedroom, one bathroom units and 2 two-bedroom, one bathroom units. There are 18 off street parking spaces for tenants, including 6 garages. The asset offers the investor a value-add opportunity in a strong market.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Quick Hits
.png)
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
