January 5, 2018 – Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of an apartment building located in 17-19 Forest Street in Medford, Massachusetts. Kelleher and Pentore exclusively represented the seller and procured the buyer to close the property for a sale price of $875,000.
17-19 Forest Street is located on a .06 acre lot in downtown Medford Square and contains four units in 3,809 rentable square feet. The property contains a desirable mix of multiple bedroom units and provides the new owner a value-add, multifamily, investment property in one of the region’s most attractive real estate markets.
The Asset is set in an excellent, urban-infill, location in Medford Square with multiple shopping, dining and entertainment options within walking distance. Downtown Boston, Cambridge and the northern suburbs of Boston are easily accessible via I-93, located just 0.3 miles from the Property.
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, mixed-use properties and development projects. 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.