May 1, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 11-13 Plymouth Street in Cambridge, Massachusetts. The property sold at a price of $2,900,000 and a price per unit of $483,000.
11-13 Plymouth Street, a six unit apartment building, is situated in an excellent urban location, just outside Kendall Square. Kendall Square is one of Greater Boston’s best places to live, work and play. It is home to the world’s greatest research institution, the Massachusetts Institute of Technology. Adding appeal to this location is the property’s close proximity to the Cambridge Side Galleria, giving any prospective tenant multiple options to shop and dine. The multi-family property is comprised of six, three bedroom, one bathroom units, each separately metered for gas heat and electric utilities. The asset provides the investor a value-add opportunity in one of the strongest real estate markets in the country.
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.