News: Front Section

Kelleher and Pentore of Horvath & Tremblay sell five-unit multifamily property for $3.5m

Boston, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 408-410 Hanover St., a five-unit multifamily building. The brick asset sold for $3.5 million and $700,000 per unit.

Centrally located in the North End and 0.5-miles to Boston’s North Station, 408-410 Hanover St. is a core asset in one of the strongest real estate markets in the country. The property, which has been meticulously maintained and owned by one family for generations, consists of a five-story brick building with five residential units and is comprised of three three-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, with living room and dining room, and one oversized one-bedroom/1.5-bathroom unit with 5,735 s/f of living area in 6,882 s/f of total area. All of the unit interiors have been updated and feature hardwood floors, upgraded kitchens with stainless steel appliances and granite countertops.

408-410 Hanover Street is situated in an exceptional urban location in the North End neighborhood of Boston. The Property is positioned at the intersection of Hanover Street and Battery Street and is 500 feet from the signalized intersection of Hanover Street and Commercial Street, two of the north end’s primary thoroughfares. The area offers countless amenities, with endless dining, retail, and nightlife options. The North Station, Haymarket T-Station, State Street T-Station, and Aquarium T-Station are all less than 0.6-miles from the Property. The location offers convenient access to Boston’s Best Areas, including the Seaport District, Downtown Boston, Back Bay, Fenway-Kenmore, and South Boston.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

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

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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.