October 30, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a multifamily building located 20 Lambert Street in East Cambridge, Massachusetts. The property sold for a price of $1,508,000.
20 Lambert Street is set in an excellent urban-infill location, located on a tree-lined residential street in the popular East Cambridge neighborhood. This outstanding location offers quick access to downtown Boston and is within walking distance to Kendall Square, one of the most prominent hubs of technology and biotechnology in the world. The property, consisting of all one-bedroom, one bathroom units, was gut-renovated in 2008 and is currently 100% leased providing the new buyer with a completely renovated multifamily asset in one of the strongest rental markets in New England.
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.