News: Front Section
Posted: June 30, 2017
Kelleher and Pentore of Horvath & Tremblay arrange $2 million sale
Charlestown, MA Dennis Kelleher and John Pentore of Horvath & Tremblay, have arranged the sale of 12-14 Summer St. The six unit apartment building sold for $2 million.
12-14 Summer St. is located in the Thompson Sq./Bunker Hill neighborhood of the city. This residential neighborhood is composed of brick and wood row houses. Located within walking distance are the Bunker Hill Monument, the Charlestown Navy Yard, Sullivan Sq. Station and the Community College Station.
12-14 Summer St. is comprised of one and two bedroom apartments, including two duplex style units.
The apartment building consists of separate gas heat, hot water and electric as well as private roof decks for the penthouse units and a common courtyard for all tenants.
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.
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Columns and Thought Leadership
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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.
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How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
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