 (2).jpg)
News: Front Section
Posted: September 24, 2021
Kelleher and Pentore of Horvath & Tremblay broker $5.155 million sale
Waltham, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Maple & Adams, a three building multifamily portfolio totaling 24 units for $5.155 million. The contiguous, heavy value-add properties consisted of all one-bedroom units closing at a sub 5% cap rate and just under $215,000 per unit.
Located at 95 Adams St., 23-25 Maple St. and 29-31 Maple St., Maple & Adams consists of three multifamily buildings with a total of 24-residential units in 18,463 s/f of living area (24,382 gross s/f) on 0.63-acres with off-street parking.
95 Adams St. is a 16-unit brick building; 23-25 & 29-31 Maple St. are two, adjacent four-unit wood framed buildings.
The location offers a multitude of shopping, dining, and entertainment options within walking distance and public transportation options for commuters. There is a bus stop at the corner of Moody & Maple and Moody and Ash that offers “Express Bus” service to Back Bay and the Financial District in Boston, and local service to the Waltham Commuter Rail Station, 0.6 miles away.
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,
.png)
Columns and Thought Leadership
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.
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.
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:
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.
