April 28, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 5 Albion Street in Somerville, Massachusetts. The apartment building sold for a price of $1,255,000 and a price per unit of $418,333.
5 Albion Street is situated in the Spring Hill neighborhood of Somerville and located in close proximity to both Davis Square and Porter Square. Both Porter and Davis are regional destinations and provide local residents with options to shop, dine and entertain. The property is comprised of two and three bedroom apartments, and each unit is separately metered for gas heat, hot water and electric utilities. The property also features tandem off street parking for three cars.
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.