June 7, 2016 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a mixed-use retail and apartment building located at 279-283 Western Avenue in Cambridge, Massachusetts. The property closed at a price of $2,385,000 and at a price per unit of $795,000.
Located in the Riverside section of Cambridge, this 5,331-square foot property is comprised of a 2,100-square foot retail space on the first floor as well as (2) two bedroom, one and one half bathrooms duplex apartments on the second floor and third floors. In 2014, the property underwent a complete renovation to the first floor retail space and the addition of both apartment units. Each apartment features new granite countertops, stainless steel appliances, and hardwood floors throughout. The subject property is located one mile from world renowned universities Harvard and MIT. 279-283 Western Avenue is also situated within a half a mile walk to both Central Square and Central Square Station (red line) and just over a mile from Harvard Square.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Our advisors specialize in the sale of apartment buildings and mixed-use properties. We have experience successfully structuring portfolio sales and 1031 exchanges. We 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.