September 12, 2016 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 25 Madison Avenue in Cambridge, Massachusetts. The apartment building sold for a price of $1,350,000 and a price per square foot of $390.
25 Madison Avenue is situated in North Cambridge and is located in close proximity to Alewife Station. Alewife is an intermodal transit hub featuring the Red Line as well as a busway serving several MBTA Bus routes. The Alewife area has been redeveloped and features many prominent retail giants such as Whole Foods, Trader Joe’s, Chipotle’s and CVS. The property is located in close proximity to Massachusetts Avenue, Route 16 and Route 2, providing easy access to Route 128, surrounding communities and downtown Boston. The three storied building was built in 1925 and consists of 3,435 square feet of living area located on a .09 acre lot. The property is comprised of one and two bedroom apartments, with separately metered utilities and off street parking for tenants.
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.