April 25, 2018 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of 52-units in Chelsea, Massachusetts. Kelleher and Pentore exclusively represented the seller, Chiron-Mass LLC and procured the buyer, Maverick Chelsea LLC to close the apartment buildings at a sale price of $6,956,300.
The value add portfolio consisted of five multi-family properties located at 36-40 Orange Street, 93-95 Orange Street, 125 Arlington Street, 74-78 Washington Avenue, 135-139 Chestnut Street. The Properties offer easy access to Downtown Boston, Cambridge and the northern suburbs of Boston attracting both families and young professionals. Additional amenities within walking distance of the Properties include Downtown Chelsea, MGH Chelsea Healthcare Center, Bunker Hill Community College’s Chelsea Campus, Market Basket, HomeGoods, Starbucks, Five Guys Burgers and Burger King. Chelsea’s Commuter Rail station and the on-ramp for Route 1 North to Boston are both located within half a mile of the Properties.
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.