March 15, 2018 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a multifamily building located at 24 Clary Street in Cambridge, Massachusetts. The 6-unit property sold for a price of $3,250,000.
24 Clary Street is located just off of Cambridge Street, within walking distance to numerous shopping, dining, and entertainment amenities, outdoor spaces and public transportation options. The immediate neighborhood, referred to as Wellington-Harrington, has the second highest population density in the City of Cambridge. The property and its location is expected to further benefit from the Green Line Extension Project which will include the new “Union Square Station” in Somerville which will be located less than .4 miles from the property. 24 Clary Street consists of (4) Three Bedroom, One Bathroom units, (2) Two Bedroom, One Bathroom units with off street parking for tenants.
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.