News: Front Section
Posted: December 15, 2017
Kelleher and Pentore of Horvath & Tremblay arrange sales totaling $3.248 million
Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of two apartment buildings totaling $3.248 million. 16 Portsmouth St. sold for a price of $1.74 million and 20 Lambert St. was sold for $1.508 million.
16 Portsmouth St. is located near Kendal Sq. The location offers shopping, dining and entertainment options within short walking distance. Adding appeal to this location is the property’s close proximity to Harvard University and MIT. The two-story, multifamily house contains 3,376 s/f of living area on a .07-acre infill lot and is comprised of 4 two-bedroom, one-bathroom units.
20 Lambert St. is set in an urban-infill location, on a tree-lined residential street in the East Cambridge neighborhood. This location offers access to downtown Boston and is within walking distance to Kendall Sq. The property, consisting of all one-bedroom, one bathroom units, was gut-renovated in 2008 and is currently 100% leased providing the new buyer with a completely renovated multifamily asset in one of the strongest rental markets in New England.
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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