November 9, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a multifamily building located 16 Portsmouth Street in Cambridge, Massachusetts. The property sold for a price of $1,740,000, a price per unit of $435,000.
16 Portsmouth Street is located in heart of Cambridge just steps from Kendal Square. The location offers a multitude of shopping, dining and entertainment options within short walking distance. The property’s transit oriented location offers commuters public transportation options via the local bus stop at the corner of Hampshire Street and Plymouth Street. Adding appeal to this location is the property’s close proximity to Boston’s renowned Harvard University and MIT.
The two-story, multifamily house contains 3,376-square feet of living area on a 0.07-acre infill lot and is comprised of (4), two bedroom, one bathroom units.
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.