News: Front Section
Posted: December 4, 2020
Kelleher and Pentore of Horvath & Tremblay brokers $2.587m in sales
Waltham, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of two, four-unit multifamily buildings for $2.587 million.
The property at 177-181 Robbins St. sold for $1.3 million ($325,000 per unit) and 221-223 Brown St. sold for $1.287 million ($321,750 per unit). Kelleher and Pentore represented both sellers and buyers in the separate transactions.
177-181 Robbins St. is a two story, four-family building with 3,926 s/f of living area in 6,256 s/f of gross area on a 0.16-acre parcel. The unit mix consists of four, two-bedroom/one-bathroom units.
221-223 Brown St. is a two story, four-family building with 4,052 s/f of living area in 6,052 s/f of gross area on a 0.10-acre parcel. The unit mix consists of two three-bedroom/one-bathroom units and two two-bedroom/one-bathroom units.
Both assets are situated in the desirable South Waltham location in close proximity to Moody St. The location offers a multitude of shopping, dining, and entertainments options within a short walking distance.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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.
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,