May 3, 2018 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of an apartment building located at 392 Washington Street in Somerville, Massachusetts. Kelleher and Pentore exclusively represented the seller and procured the buyer to close the property at a sale price of $1,596,725.
392 Washington Street is located on an attractive, residential street in central Somerville. The neighborhood offers easy access to nearby shopping, restaurants and businesses clustered around Washington and Beacon Streets as well as nearby Union Square, Inman Square, and Harvard Square. Additionally, the location offers quick access to Downtown Boston, Kendall Square, Interstate-93, Harvard University, Tufts University, Massachusetts Institute of Technology and the new Assembly Square lifestyle center. The Property is comprised of all two-bedroom units in 3,158 rentable square feet.
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.